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PORTSIDE  October 2010, Week 3

PORTSIDE October 2010, Week 3

Subject:

Social Security: Hands Across Generations

From:

Portside Moderator <[log in to unmask]>

Reply-To:

[log in to unmask]

Date:

Sat, 16 Oct 2010 13:39:38 -0400

Content-Type:

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Parts/Attachments

text/plain (83 lines)

Social Security: Hands Across Generations

By Mike Hall
AFL-CIO Blog
October 14, 2010

http://blog.aflcio.org/2010/10/07/young-and-worried-about-retirement/

In Oakland, Calif., yesterday, hands reached across
generations in the fight to strengthen Social Security
for young and senior alike.

At the Laney College campus, 100 California Alliance
for Retired Americans were joined by students for a
lunchtime rally and discussion of Social Security and
its importance for future generations.

The Alliance members spoke with students one on one.
Many students they were not aware of the fight brewing
over Social Security cuts. Alliance members also
encouraged the students to sign petitions to secure
Social Security from the privatization and other
threats.

At the rally on the campus Commons, Alliance members
detailed the current threats to Social
Security-including expected proposals from the federal
budget deficit commission to raise the retirement age
and other cuts. They also encouraged students to get
involved to preserve Social Security.

For more on Social Security and young workers, click
here:
http://blog.aflcio.org/2010/10/07/young-and-worried-about-retirement/

This week, Retirement USA, a coalition that includes
the AFL-CIO, takes a look at the retirement security
problems facing older workers as their near retirement,
including lack of traditional pensions, devastated
401(k) retirement accounts and for many, long stretches
of unemployment during the past several years of
economic turmoil. In a blog post, the group says:

Given these facts, it is likely that Social Security
will remain the backbone of retirement security for
today's older workers as it is for today's retirees.
For all but the 20 percent highest-income older
Americans, Social Security is the largest single source
of income, yet the average monthly retired worker
benefit in August 2010 was $1,172 or roughly $14,000
annually. And the benefit is expected to fall, as the
normal retirement age rises to age 67.

Click here for more.
http://www.retirement-usa.org/stories

Retirement USA has just concluded its  "Wake Up,
Washington" Month to encourage people from across the
country to tell lawmakers to keep their hands off of
Social Security and to fix our patchwork private
retirement.

Don't forget to visit the online Story Bank where
people share their personal stories, fears and concerns
about retirement security.  Click here
http://www.retirement-usa.org/stories to visit and here
to add your story:
http://www.retirement-usa.org/node/add/story

_____________________________________________

Portside aims to provide material of interest
to people on the left that will help them to
interpret the world and to change it.

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