Retirement--not a sure bet for all!
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Ah, retirement--that golden pot at the end of the rainbow! A time to kick back, rest and have fun after a lifetime of work. For many of us, we can look ahead to a financially secure retirement; for others, retirement might never happen.
Older women (>65 years old) have $23,000 LESS
retirement income than men*
At the age when many of us are retiring, many older women (over age 65) are not able to retire due to lack of funds, or they end up barely able to make ends meet—certainly not their expected reward after decades of work!
11.6% of older women are living in poverty vs.
8.8% of older men living in poverty*
The MDWA Legislative committee is hosting a panel of experts to help us better understand this problematic financial situation for older women. Come to learn about:
- The current economic status of older women;
- The causes of reduced economic security for this age group, and
- Proposed policy that would significantly reduce the number of elders living in poverty: the Retirement Savings for America Act (RSAA).
MDWA will invite all attendees to take action to support this bipartisan bill.
Special thanks to Barb Luhring, MDWA member & owner--WeDrawIdeas, for this month's drawing.
* from US Dept. of Labor's Women's Bureau: https://www.youtube.com/shorts/ZX5JV1scPpw
Our state-wide experts will be:
Jenifer Cole is the Executive Director of the Wisconsin Women’s Council, the state’s statutory commission on the status of women and girls. Prior to this role, Jenifer held various positions in state government since 2010, including with the Department of Workforce Development (DWD), Department of Children and Families (DCF), and the WI Supreme Court’s Office of Lawyer Regulation and Board of Bar Examiners. She also worked and volunteered for numerous women’s organizations in Wisconsin, New York, and California, including the Wisconsin Women’s Network for 8 years where she served as President from 2016-17. Jenifer currently calls Middleton her home with her significant other, Amanda, and two adorable rescue Yorkshire terriers, Lili K and Maisie.
Shawn Phetteplace is the Policy and Political Impact Director for the Main Street Alliance. Joining MSA over 3 years ago Shawn is extremely passionate about organizing with small businesses and building power. Previously he worked for 3 members of Congress, on high profile state legislative races and for two national non-profits, including the ONE Campaign, “founded in 2004 by Bono and other activists determined to fight for a fairer world.” Shawn lives in Madison, WI with his wife and 7 year old son.
