Majority of Women, Blacks and Latino Seniors on Cusp of Poverty

Ricardo Lopez, Los Angeles Times, June 6, 2013

A new report on the senior population found a majority of elderly women, blacks and Latinos are precariously close to poverty, according to the nonpartisan Economic Policy Institute report released Thursday.

The report comes as lawmakers are considering making changes to Social Security and Medicare. The proposed changes, the report’s authors warn, would make 41 million American seniors economically vulnerable, defined as having an income less than two times the supplemental poverty threshold.

Nearly half of the elderly population is just one economic mishap away from falling into poverty, according to the study.

But elderly women, ages 65 and older, are more likely to be vulnerable to economic calamities. Nearly 53% of elderly women are “economically vulnerable,” compared to 42% of men of the same age range.

{snip}

The researchers relied on the U.S. Census Bureau‘s supplemental poverty measure. Formed in 2009, the metric is an experimental poverty measure that defines income thresholds and resources different from the official poverty metric, according to the Census Bureau.

Among other findings:

— Nearly 64% of elderly blacks are defined as economically vulnerable.

— The rate for elderly Latinos is six percentage points higher at 70%.

— In comparison, 44% of elderly whites are considered economically vulnerable.

— The older elderly — people age 80 and older — have a far higher rate of economic vulnerability: 58% compared to those between age 65 and 79, 44%.

{snip}

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  • StillModerated

    Are women blacks and latinos counted twice? That would most certainly skew the data in favor of more liberalism and statism.

    • evilsandmich

      It’s like the old headline: “Word Ends, ….”

      • MekongDelta69

        I think you were going for:
        “World ends – minorities, [feminazi] women and gays hit hardest.”

        • Paleoconn

          I never saw that, thanks for the laugh.

      • martin stuart

        and what about those white Hispanics?

  • Regardless of the obvious agenda to paint minorities as being some kind of eternally oppressed souls, I have seen an enormous increase in the number of elderly folks working regular jobs. This poorly written article, however, doesn’t seem to take into account the reality that minorities are already lower on the economic ladder than their White counterparts before entering retirement age, so the percentages shouldn’t surprise anyone unless they were just looking for some statistics to push an agenda.

    The vile disease of egalitarianism shows us just how wretched it is when it takes a serious issue like the economic plight of our elderly and makes it sound like there should be more poverty-stricken elderly Whites. You never see these deniers of reason and logic trying to juxtapose the percentages of black and brown crime, the actual money that taxpayers have to spend to fight and curb this crime, and the obvious canyon that exists between White crime and black crime.

    • I have seen an enormous increase in the number of elderly folks working regular jobs

      That’s most likely because the low interest rate climate has taken a toll on the income of seasoned citizens.

      • Bobby

        I doubt that has anything to do with it. Millions of seniors in this country worked jobs that wre non-union their whole lives. These jobs did not pay that well. Blue collar workers who are retired, don’t have the kind of pensions that public employees have and always did have. Unless one owned his/her own successful business while raising a family and was able to save a lot of money, most regular non-public employee working people have to depend on a very small pension with SS. The only time interest had a huge effect would have been during the Carter Administration, when interest rates on regular savings rose to as much as 19 percent. But that was in the late seventies and presupposes that regular bule collar working people, had any money left over to put into a savings account, while trying to raise a family. The last couple of years, the great Obama Administration didn’t even give seniors on low SS income a raise.

        • The__Bobster

          Ah, the wonderful Peanut Farmer years, when the prime rate rose to 21.5%. Too bad mortgages were 16,5%, inflation was double digit and your raises pushed you into a higher tax bracket, so you ended up losing ground.

          • Bobby

            That’s true, LOL…. One thiing president Carter sure accomplished however, was to drive slum lords out of business. Easy credit had done its share of damage. All those bankruptcies, never seem to affect anyone but the middle class taxpayers in the long run.

        • r j p

          Interest rates have a huge impact on the retired. $200k in savings/bonds would have traditionally paid about $10k in interest per year, and one couldschedule their balance drawdowns with this to make the money last 30 years, or buy an annuity that would do it for them.

      • The__Bobster

        I’ve seen it too and the seniors aren’t very happy about it. I wonder if they realize that their predicament has been largely engendered by government actions. Yes, there is a war on seniors going on.

    • Bobby

      There is no state in the U.S. that comes closer to Calfiornia for the title of POSTER CHILD, when it comes to what your’e discussing. Most people that don’t live here, couldn’t begin to believe what goes on. It can’t be described properly without experieincing it personally. The democrats and the RINOS in California have turned a first world state into a third world state.

      • So CAL Snowman

        They turned Heaven into Hell, and it is solely due to the demographic shift from White to non-White latino/chicano/hispanic/whatever. The fact that otherwise intelligent people cannot understand that Mexico is a hell hole because it is filled with Mexicans is beyond me. The fact that otherwise intelligent liberals cannot understand that filling CA with Mexicans has turned it into a proxy mexican state, is beyond me. These people are completely indoctrinated and brainwashed. If the democrat machine told the liberals that the sky was actually purple, they would believe it.

      • lanceman

        Often Prop. 187 is credited for the ascension of the Democrats in CA. But this ignores the fact that Prop. 187 was passed by a significant margin. My hypothesis is that the decline in aerospace and manufacturing in CA and the reduction in the presence of the military in CA drove productive Whites out of state and left the remnant of liberal coastal dwellers. They were reinforced by influx of hispanic invaders. So there is now nothing the GOP could do to regain a significant political presence in CA, assuming the GOP could be trusted. I just lost my job Friday and will be exiting the state as fast as I can. Our two Senators did NOTHING to help us and, in fact, lead the effort AGAINST us.

  • dogbone

    Yet another group of people we have to feel sorry for.

    Maybe they are poor because they have no husband and were fed of the governments tit their entire life.

    • Oil Can Harry

      Black and hispanic seniors are shocked to learn they don’t get a fat pension for spending their youth on welfare and in prison.

  • Morris LeChat

    Is anyone else thinking of the movie “Logan’s Run” right now?

    • Romulus

      Yes,as a matter of fact. The disaster that is inanimate will obviate the problems of geriatric care. Why cut 716 billion from medicare and yet still force the individual mandate to pay for illegal immigrant care? Answer! : Cull the hers. Rob from granny and papa to pay for everyone else. Help them pass along to their maker.

      • The__Bobster

        You can bet that the socialists in DC are looking at raiding the trillions in IRA’s and 401k’s.

        • They need some of the money to run PSAs to tell us to save more money.

        • Romulus

          For a preview of where America is going, we only have to look at Greece and the EU. Have you noticed how many diners now are owned and operated by greeks? America is becoming a dumping ground for the rest of the world as their economies begin to buckle.

          • r j p

            They have no risk. They come over here illegally and take out SBA loans. If they fail at their US government funded small business endeavor, they leave and come back under a new identity and hit the US government for another loan. Or they close it up for a week and it becomes their brother’s business and he takes out loans to “re-open’ it.
            .
            If a white US citizen’s SBA funded business fails, he is on the hook.

          • MBlanc46

            Diners have been operated by Greeks for a hundred years.

          • Romulus

            Yes and there wonderful cooks. I only meant to show that because their economy is so bad there,.. So many come here. I guess I could’ve made the same comparison with Dunkin donuts or seven elevens.

          • me

            there

          • me

            Diners have been operated by Greeks for a hundred years.

          • MBlanc46

            That’s what I said.

  • Morris LeChat

    “The older elderly — people age 80 and older — have a far higher rate of economic vulnerability…” this is just tragic! Especially when they have their whole lives ahead of them!

    • Blaak Obongo

      You’ll find out how funny it is when you’re over eighty and wondering how you’re going to pay the rent and eat at the same time. Let’s see if you’re willing to die quitely off, so as not inconvenience the smartass young guys who think they’ll never get old.

      There’d be plenty of money to take care of the White elderly, if the ruling junta wasn’t so busy handing it out to everybody else’s elderly.

      • Morris LeChat

        cry mea a river, old man river

      • Morris LeChat

        If you never had a children, who would be paying into the system, then I don’t think you should get anything. There is not “trust fund”, that was a lie and you have voted for or supported this lie for decades. Now you expect to be able to take the food out of the mouth of babes to keep you alive for another year or so? The eskimos have the right idea on how to deal with the elderly. Get on the ice flow grandpa. Guess what, I KNOW I wont be getting a THING, because the system will be bankrupt by the time I retire. Guess what, I know that this govt will loot private savings and IRAs. SO be happy grandpa, I WONT have a thing when I am old, so tell me again, why should I care about you at the age of 80+?

      • me

        Blaak Obongo

    • Talltrees

      Shame on you! You are talking about your White Mother and Father or others’ White parents and grandparents.

      And…we need them to help with our cause.

      • Morris LeChat

        no, we don’t, they are all like McCain. They are the ones that got us where we are. They are weak and want to be Faiiiiiiiiiiir to blacks and mexicans.

        • Talltrees

          All of us have a bad habit of generalizing. Don’t know where you live, but not where I live, a very conservative area. The over 70 year-olds are not Boomers. This group is prejudiced against Blacks, Jews, Hispanics, and Asians and not afraid to admit it. Those old enough fought against desegregation and want no non-Whites in the country. They remember being taunted and called names by Blacks as they walked to school and played with friends. Some say if a Black or Hispanic moved into their neighborhoods, they would be the first to move out. They have nothing good to say about them.

          Quite a few of them had immigrant parents or grandparents from Europe. They still retain a bit of their European culture at home and very aware of their nationalities. So aware, they only would marry someone with the same nationality. They belonged to German only, Irish only, for example, churches and organizations. Quite a few did not vote at all since Reagan for obvious reasons.

          For those of you with Boomer parents and grand-parents, let’s not blame all of them. You and I, and the rest fighting this cause have no influence over the government and culture change, just like many of the Boomer’s didn’t.

          • Morris LeChat

            BE all that as it may, there is no social security trust fund. If someone who has been on this earth for 80+ years has not prepared for their old age, then they can not expect those of us who are working to take care of them and prepare for OUR old age.
            Time to make children take care of their parents. Once you send money to washington, they start giving it to blacks and mexicans and screwing everybody else.

          • Talltrees

            The conservative elderly I know were brought up in a different era, of course, when it was demeaning to ask for financial help from any source and don’t want to do it now. They remember when the government didn’t give free handouts. Those with children move in with them.

            We have no idea how long we will live other than to look at our parents, grandparents. The life expectancy is rather low considering quite a few people are living into their 90’s. To say that the life expectancy for a male is 80 (just guesstimating) and female, 83, but they live until they’re 95, something is wrong. So, people save enough to live until they are, let’s say, 83, but live much longer.

            When you get there, you will be shocked at the extra expenses you will face that no one can plan for. It’s very difficult for the middle class to save when they have children. There are so many unexpected expenses, rising cost of living. I suspect you know that; although, I don’t know how old you are.

            I agree, we shouldn’t have to pay for anyone else, but, I tell you this, I’d rather pay for the White elderly, than non-Whites of any age. I know you know many non-White immigrants receive Social Security, Medicare, Medicare Part D, and other benefits. Remove them from these programs, then, let’s see how bad a shape SS, etc., are in.

            Because of the financial fiasco, I say the government is responsible for their savings losses. The government should be helping them; however, that means, we are paying it. No doubt about it, all of us were stabbed in the backs.

            You know nothing is really fair. Why should people with no children pay school tax? It’s best not to think about it too much. It causes too much anger.

  • Bobby

    I’m sick of these stories for one major reason–whites that are in poverty are never included or given short shrift. In California, millions upon millions of people, are on some form of state aid and AREN’T EVEN IN THE COUNTRY LEGALLY AND THEREFORE AREN’T IN THE STATE LEGALLY EITHER. In the meantime, many seniors that have worked hard at blue collar jobs are struggling in their retirement, or can’t even retire yet as they are forced to help finance this treason. I don’t have the slightest doubt, that if some NATIONALIST PARTY suddenly seized power in California, the roadways and airports would be filled with the traitorous politicians in Sacramento that are continuing to enable this stuff.

  • ricpic

    There’s only one solution! Take every last penny from those dirty rotten savers, such mean and selfish scum they are, and redistribute their no doubt ill gotten gains to the more vibrant, authentic and all round nicer emptyheads!

  • a multiracial individual

    I have not seen the data to support this, but my suspicion would be that this has something to do with the field one works in. Whites and Asians are more prevalent in office/professional work. This type of work is less physically strenuous and can usually still be performed by people in their 60s and 70s. Conversely, Blacks and Hispanics often perform jobs that are physically strenuous. They jobs are difficult to perform after one’s 50s. Simply put, I suspect more older whites are still receiving a paycheck, while the only paycheck elderly Blacks and Hispanics are receiving is SS.

    • The__Bobster

      Most of the squat monsters haven’t been here long enough to have damaged their bodies through hard work. Most can’t collect a pension since they worked under the table or in jobs without pensions, not that they had enough time working to be vested anyway.

  • MBlanc46

    Decades ago the elites determined, that with modern transport and telecommunications technology, they could reap greater profits using Asian and Latin American labor rather than North American and European labor. It’s not a big surprise that the effect of this is starting to become manifest. It is seen first in more marginal groups, but you can be certain that all working people in the formerly developed countries are going to see their standard of living fall.

    • JohnEngelman

      Democrats have not found a solution to that, but at least we agree it is a problem.

      Rich Republicans think it is a good thing. They benefit. White blue collar Republicans think of the economy as a force of nature beyond politics. When I tell them a white plutocracy with the assistance of the GOP is enriching itself by making them poorer they get angry at me.

      • MBlanc46

        I share your pain. I heard recently about a piece in the Financial Times* of the UK about what Western investors can do when the Chinese no longer want them: Eastern Europe where wage are 1/5 of what “pampered Western workers” with their “luxury lifestyles” make. “Luxury lifestyle” to them means decent housing, three squares a day, the forty-hour week, and an education for your children. Gotta put an end to that. Back to the sweatshops and the tenements, child labor, and the sixty-hour week. I think that there is a solution for it, but it’s a dirty word around here.

        *I haven’t actually seen this piece, but I’m going to try to track it down.

        • JohnEngelman

          As long as representative democracy survives I do not think the plutocracy will be able to get away with everything.

          They own the newspapers, and always have. They own the broadcasting stations, and always have. Nevertheless, the internet makes it difficult for them to control the flow of facts and ideas.

          During previous times of growing inequality in the United States most Americans advanced somewhat. I am thinking of the last quarter of the nineteenth century and the 1920s. We have never before experienced a time when the rich got richer while the majority got poorer.

          I do not think it is politically sustainable.

          • MBlanc46

            I wish that I could share your optimism. The difference between the present and the past is that in the past the capitalists actually needed working people in the US. If you had a factory in then US, you needed American workers. You could exploit them only so far. They don’t need us anymore. They’ve got billions of Asians living in poverty unimaginable to contemporary Westerners. And for the jobs that can’t be exported to Asia, they’re importing poverty-stricken Latin Americans by the millions. I fear that conditions are going to get much worse here in the not too distant future. I don’t see “representative democracy” as much of a defense, as the plutocrats own both parties. Try voting for national candidates who don’t support globalization or immigration.

          • JohnEngelman

            The only reason money controls the Democratic Party is the need to solicit campaign contributions. The Citizens United v. Federal Election Commission, Supreme Court decision of 2010 makes the problem worse, but it can be solved with government financed campaigns. That is the way many European countries do it.

            I am confident that most Democratic politicians hate begging rich people for money.

          • MBlanc46

            Again, I fear that I don’t share your confidence regarding Dem pols. Living in Cook County, IL, does not inspire confidence in them. They’ve abandoned labor and only survive by pandering to minorities. Nor do I think that government financed campaigns are likely in the US (they do a lot of things differently in Europe, but Europe seems to be moving more toward the US model than the other way round).

  • joemcgee

    I’m older and have been aware of this for a long time. That’s because I help as a Catholic Charity worker and I go into many homes where women are alone and help with different small household repairs. Many of these women are found in trailor parks by themselves and it’s hard to listen to their stories of how they got themselves into such messes. But at least I’m able to help them somewhat.

    • David Ashton

      Voluntary sterilization would help in some cases, but the RC Church is against it.
      Forcing fathers to support their own otherwise abandoned offspring would be a legitimate act.

      • The__Bobster

        Catholic Charities is a prime driving force in flooding the country with wage-lowering, job-displacing refugees.

        • joemcgee

          Sir, please explain how I do that by fixing faucet leaks and light switches, etc.?

          • It’s not you. The Lutherans are busy laundering government money by “resettling” Somalis in Lewiston, Maine and other peaceful areas.

      • Hard to do that when they’re locked up after fathering 6 or 8 kids.

  • White Mom in WDC

    I only care about the white elderly women. The rest can starve, including ‘elderly’ black women who have raised generations of worthless roads wandering our streets beating up defenseless people.

    Oh well

  • MikeS

    I wonder what percentage of them paid absolutely nothing into the system but are receiving benefits such as EBT, SS, Welfare, etc. while the real producers in this country are being squeezed to the point of spontaneous combustion?

    • The__Bobster

      Asians love bringing over mamasan or papasan, so that they can keep them in a spare bedroom while pocketing their $700 SSI check every month.

  • MekongDelta69

    Yeah – that’s why I did something SO STUPID as to save for my own retirement, so I wouldn’t have to depend on anyone else for gibsmedats.

    God – I’m just so full of ‘White privilege,’ it’s downright disgusting…

  • The__Bobster

    http://www.vdare.com/articles/national-data-another-lesson-from-1965-more-immigrantsmore-poverty

    Immigration increases the poverty rate in two ways: firstly, it increases labor market competition, tending to lower wages and displace American-born workers, forcing more of them into poverty; secondly, many immigrants are simply poor—the U.S. is literally importing poverty.

    • r j p

      All unskilled jobs in Chicago start at minimum wage, $7.90 (I believe).
      .
      McDonalds where my sister lives starts help at $12.50 …… no Mexicans there.

  • bigone4u

    Both my grandmothers were poverty statistics. Many whites today are only a generation or two removed from poverty. As the nation’s elites have embraced destructive economic policies, more persons of all races will see their children living in less than highly prosperous circumstances. Until we stop immigration and start to produce something other than services, more elderly of all races will be vulnerable. Latinos are especially at risk because of their “live for today” and “que sera sera” mentality, which means they do not save for retirement. Ditto blacks. Whites are more likely to save and thus do better.

    • Talltrees

      I know some White senior citizens who lost 40-50% of their savings during the recent financial fiasco. They, then, sold their stocks and other risky investments and put their money in safer CD’s. With CD interest rates at .25 to .50%, they are in trouble. Those with CD’s before the disaster were able to live off CD interest at 4-5% plus SS. Now, they must use their principal. It’s a catastrophe for many of them.

      One of these seniors retired at the age of 75 three years ago. At 78, should he return to work? He’s been working full time since he was 18, put 4 kids through college and saved money, as well. He paid his dues. He comes from a family with longevity well into their 90’s. He and his wife downsized into a much smaller house, but lost money on the sale of their house because of the housing crash.

      He is concerned his finances won’t hold out if he lives that long since he lost so much of his savings. Many White senior citizens are facing this same problem. We can’t blame them for not saving. They did.

      • Ella

        Of the four adult children, one needs to help out at the end as long as the parents were good people. The days of retirement seemed more like a short experiment for the Middle Class like it or not; they’ll be over soon in Western countries due to high number of retirees and less young workers for support. (Birth control effects by the Boomers/seniors) You cannot enslave the young for govt promises. We might have to return to the family doing the work and not hired out labour.

        • Talltrees

          You are right. Parents are moving in with their children. Yes, two of the daughters offered to take them into their homes when their parents are ready.

        • I figure I’ll be “working” until I die.

          • Morris LeChat

            me too. “Retirement” will go down as one of those “quaint” later 20th century things.

    • me

      que sera sera

  • sarah stein

    Ladies, don’t give up on hypergamy, your prince charming is just around the corner.

  • jay11

    Since the 1960s women have been told they can go it alone and have it all. The divorce rate soared over the following decades, and now you have armies of older, single women who either divorced or never got married to begin with. Now we hear that older women suffer from a greater rate of poverty. If these women were married, probably poverty wouldn’t be as big a deal. If you tease out only the older poor white women, I betcha most are unmarried or went through divorces. Maybe some are widowers, but anyone who cares to look into their family roots will find generation upon generation of married people, even if they ever divorced, they often got remarried. There is strength in a married couple that singles find hard to replicate. Oh snap! I forgot that liberals say single living is better for older people…

    • Morris LeChat

      the hag brigade.

    • Morris LeChat

      bitter old harridans

  • HKwills

    I wonder what their rate of “vulnerability” is in their countries of origin ?

  • Ella

    USA has the highest number of single households in the world. It can be from divorces, widowhood, and extra wealth to afford living costs. Some people never married. Not many people put away enough wealth to age 90 (especially women); that would be about 35% of your pay check. Govt. and pensions cannot realistically support us all 25-30 years. We have to raise the retirement age, around 74 due to our longevity. No one really wants this! Retire earlier and pay bigger taxes or retire late and pay less taxes. We hate the options. It’s basic math even without the illegals, wars and such. (Germany still had 11 billion Euro deficit (2011) healthcare without wars/large military expenses and mas immigration.) Truth can hurt. But you cannot enslave the young with debt (17 trillion current) for our conveniences. That is theft.

  • AllSeeingEyeSpy

    “53% of elderly women are “economically vulnerable,” compared to 42% of men of the same age range”.

    What does this even mean? Are women more ‘vulnerable’ because they are ‘old fashioned’ and living in a man’s house and thus don’t have as many tangible ‘assets’ that can be counted even as they taking advantage of a male fool?

  • Mark Hillyard

    One day at a Half Moon Bay, CA, beach I convinced my kids that I saw a shark in the water. After listening to me for a bit and looking, they became convinced that there was a shark in the water. I was just testing them.
    Point is, that if you keep telling people over and over again that they are poor, (because they only have one car, one tv, and one roof over their head) they will come to believe you and call for a remediation of the non-existing problem.

    • Morris LeChat

      There is a poor car in the water with a tv in the back

    • The success of that sort of hype is precisely why the advertising industry is so large and profitable.

  • Darius Jackson

    Elderly jews?

  • pawcatch

    I’m only thirty and my house is paid for,as well as another home that I’m set to inherit.When I was on unemployment,I was able to pay my utilities and feed myself quite easily.

    So I don’t buy that seniors can’t get by on SS.So if their home is paid for,they should have nothing to worry about.

    • Good for you. I don’t notice the passage of time.

    • I don’t buy that you’re only thirty with a house that is paid off, talking about inheriting another house, then talking about being on unemployment.

      The reality for many people(not just seniors) is that you are one extended hospital stay away from being bankrupted.

      • pawcatch

        Want to bet?My grandfather gave me about 90 grand a few years ago ago and I bought a house in a small town for 63,000.He just died two weeks ago and he left me one of his houses.

        • No, I don’t want to bet. The way you use your supposed life of someone just giving you something in a way where you would state that you don’t buy the reality of other people not having things given to them speaks greatly of your self-centeredness and maturity level. Do you think everyone on planet earth just has things given to them?

          • pawcatch

            No,most people don’t have things just given to them,but someone 65 years old should at least have a trailer paid off by then.That way they can survive on SS.

          • me

            someone 65 years old should at least have a trailer paid off

          • me

            My grandfather gave me 90 grand

          • pawcatch

            Who is this person called me?An obviously coward if all they can do is take what i type out of context.

        • me

          My grandfather gave me about 90 grand

      • me

        I don’t buy that seniors can’t get by on SS!!

    • me

      I don’t buy that seniors can’t get by on SS

  • libertarian1234

    Don’t you just love it?

    I mean we have a black population that has an average I.Q. of 85, which indicates they can’t learn anything on a normal level so they’re not able to achieve much in a capitalist society, then we have millions of dirt poor immigrants who migrated to this country, because they were steeped in poverty and have almost zero education, so they came to this country to live on welfare, because it raised their standard of living by about 500%, and we’re supposed to feel guilty that they don’t earn as much…on average…as the rest of the population.

    • me

      a black population average I.Q. of 85

    • me

      they can’t learn anything on a normal level they’re not able to achieve in a capitalist society

  • Paleoconn

    If hispanics dominate the poverty stats, why do we bring them here. Have we no compassion?