Most Elderly Job Seekers Since the Great Depression
Published October 29, 2009 @ 08:54PM PT
As a nation, we haven't done too well on reducing poverty overall, but one point of pride has been our success in reducing elder poverty through the creation of Social Security, Medicare, and a general prioritizing of affordable housing and social services for older Americans. Especially considering older Americans' voting power, these programs are generally considered sacrosanct, despite the best efforts of Bush & Co.
So this article from last week is particularly alarming: more Americans aged 65 and up are on the job market than at any other time since the Great Depression - and five times more elderly than just a few years ago. Indebtedness is way up, and economic insecurity is widespread. Are we reversing one of our few anti-poverty successes of the 20th century?
A "substantial number" of older Americans are living at or near the poverty line, meaning: they're poor. The median income was only $18k for this age group in 2008. The financial weight of second mortgages and home equity lines, 401ks, the decline of employer-provided insurance for retirees, health issues, and being passed over for younger workers all contribute to increasing economic insecurity for many of our elders. No surprise, age discrimination claims are also up.
The employment picture for older Americans is still better than the general population, and Medicare and Social Security do go a long way in providing for our grandparents and elderly neighbors. But once more we see the ravaging effects of the Great Recession on a particularly vulnerable age group, and how our economic policies of the past two decades finally came together with devastating impact in the last two years. For those of us who are still young and able-bodied and privileged, we can work our way back from any deleterious economic impacts we're facing. For our elders - who should be thinking about retirement, their grandkids, their long-awaited travel, their full-time pursuit of cherished hobbies, maintaining their health - their window in which to bounce back from the recession is extremely small. Looks like the sandwich generation will be more pressed than ever in the coming decades.
(Photo "The old men and his bags" by Diego_3336)
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Author
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Leigh is a PhD candidate in urban planning at MIT, and a consultant on U.S. Gulf Coast recovery. She sits on the Board of the Allston-Brighton Community Development Corporation in Boston, and has worked with non-profits, foundations and local governments on policies and programs aimed at reducing urban poverty and inequality.
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Glad you are back. Thought you were going to take two weeks off. You couldn't leave us on our own for that long.
I Love The Phrase This GREAT RECESSION. Amy Greater and we will have a full blown Great Depression. We need to change from a work based economy to a compassion for people economy.
Posted by jan Lightfootlane on 10/30/2009 @ 08:43AM PT
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No, we need to change from a debt based economy to a value based economy. Value includes valuing people as people, not resources to be used up and thrown out.
People don't get "rich" now by hard work making real goods or provideing real services - they get rich now by borrowing on the backs of others and selling paper. The rest of us have become sharecroppers on corporate plantations.
Posted by Linda Laubenheimer on 10/30/2009 @ 11:28AM PT
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Like that last line. The rest of us us have become sharecroppers on corporate plantations. That is a great way of saying 70% of all workers are underpaid.
The news has top executives getting paid $17 million or $2 to $3 million a year. How can any one be worth that much money? Then the rest of us hardly earn enough to pay our rent?
I wonder if in this great recession, a lid was put on wages at $1 million and the rest went to food banks, Housing Programs, would this world be better? I Think we would be out of this recession within a year.
Even if just people on disability were given $400 extra dollars to work with for 6 months, the land would be back on its way to standing on it economic feet.
Like many of you out there, I am not a mathematician. But I know enough to know if welfare mothers the disabled and the working poor got half the bail out that Banks got, America would be great.
Posted by jan Lightfootlane on 10/30/2009 @ 01:23PM PT
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If the disabled, welfare parents (yes, almost always mothers) and the working poor got an extra $400/mo, it would put most of us up to about a more realistic poverty line (or at least a lot closer to it) as opposed to the totally delusional one that's currently in use. Besides, there'd be too much opposition from all who aren't poor because we who are poor and those who want such a program to pass would be "stealing from everyone else via their assets and taxes". Guess it doesn't matter that at a bare minimum thousands of US are being forced into situations like homelessness, starvation, and lack of access to medical care that causes or worsens disability or even causes death - all because of THEIR greed and blindness to OUR suffering and unwillingness to accept anything other than that our suffering is "always due to our choices and always preventable had we made the right choices and been responsible". Which is ultimately why there's so much resistance to stepping away from the very strongly disproven idea of trickle down economics...people bought too hard into the idea of but it's MINE, I'm not going to share it with anyone else (which is a necessity if anything is going to trickle down besides stuff like sewer overflow).
Posted by Danetta Amschler on 11/01/2009 @ 11:06AM PT
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Depression veterans had to (mostly) die off before we repeated the mistakes of the Roaring 20's.
Posted by Edward Craig on 10/31/2009 @ 07:51PM PT
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Both senior citizens and the disabled (on Social Security) have taken a series of hits in recent years, and poverty has increased significantly among this segment of the population.
One issue that isn't "politically correct" to discuss, but a reality for older Americans, is the extreme tobacco tax. Most smokers are over the age of 50, many are low-income, and they grew up in an era when we still believed people should have freedom of choice. (Note: To stem the arguement before it starts, no, smoking is not a public health risk, due to stringent smoking restrictions and the fact that so few smoke. The most carcinogenic smoke is the kind with oil particles -- from motor vehicles, not cigarets. It's our cars that are melting polar ice, destroying the rain forests, irrepeairably damaging the ecology, putting all life on Earth in very real danger. Not cigarets.)
Under 20% of US adults smokes, so they have no voice. It's "common knowledge" that tobacco companies are all-powerful, yet they have been powerless to stem the tax hikes, and have not been allowed to publicly dispute claims that equate a cigaret with a nuclear bomb.
All of that said, consider: The cost of 6 oz. of loose tobacco soared from $16 to $38 this year alone, all of it going to gov,presumably for healthier endeavors, like permanent war. (Note: Tobacco taxes are NOT, and never were, earmarked for health care.) Even if you don't smoke, you might have a car, which is draining your income just as much. This is apparently how government recoups Social Security payment.
2010 will be the second time in recent years when Social Security recipients will have no cost-of-living increase, as basic consumer costs continue to rise.
Getting a job is a hard choice because it can mean taking a job from a young person who desperately needs it in our post-welfare era, and after 30+ years of massive corporate welfare has been used to move hundreds of thousands of US jobs to foreign countries. They have children; do I have the right to supplement my income so that I can eat better, maybe get some new clothes, when so many young families are ending up homeless, unable to feed their children adequately? I do not.
Virtually all of our budget goes into two things: War and "tax relief" for corporations and the wealthy, still on the long-disproved trickle-down theory. Meanwhile, poverrty rises, the infrastruction deteriorates. Do we have what it takes to demand a reversal of this, to start investing in this country and the American people, and to put (gasp!) real rules on corporate welfare?
Posted by DH Fabian on 11/01/2009 @ 01:11PM PT
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Everything in Leigh Graham'sarticle and the comments is evidence we have been living in a flawed economic and social model for the last several decades. I am fortunate to remember a time when the older generation and their wisdom acquired form experience was respected.
We used economic protectionism to prosper communities. Everyday life things were produced and sold in the local economy, kept money in the community, and turned or multiplied in the community involving more and more people making a living. The old rule of thumb was ,"A dollar turning in the community would pass through the hands of over 6 people before it left the community". In other words, over 6 people would make a living off a dollar turning in the community. Today dollars are leaving communities and the USA and domestic poverty is increasing.
With great respect to Leigh Graham's credentials, I would like to hear an evaluation from her on the effects of money and jobs leaving the US. I question if the true effect of the trade imbalance is actually 6 times the actual dollar amount.
Posted by Mark Knudsen on 11/01/2009 @ 02:36PM PT
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Yes you are right our current Povertry Level IS delusional.
And millionaires are getting breaks, in taxes. But the Cost studies shows we are spending more money unwisely because the people in power do not Understand it cost less to cure poverty and homelessness then to keep homelessness. Gee in the early 30's their were hobos, Today they are Homeless, Different nouns same actions same pain.
DH In Maine some of the tobacco money goes go into Health care. I think we are, exactly what it takes to move America into a day where we share earthly goods. We will need the financial backing of the middle class living off of our hard work they say monkeys can, do-but they cant it will little matter if Prices goes down or wages go up and price stays pat.
I think human kind can get over their greed and insecurity. We already have a group who knows how to fix poverty. Ask anyone who robbed Peter to pay Paul, all it take is more money to those at the bottom.
This is what I am going to tell students from the 50 states which will be meeting at Chicago this coming week end.
Posted by jan Lightfootlane on 11/01/2009 @ 02:43PM PT
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And our government continues to send $36B of our Taxdollars overseas in "foreign aid" that the lobbyists and big corporations get rich off of.
Posted by Thomas Porter on 11/05/2009 @ 08:16PM PT
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