The National Committee would like to wish all the moms out there a Happy Mother’s Day!
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Let’s add something to the gift list for mom this Mother’s Day along with flowers and candy: financial security in retirement. Our nation’s mothers – indeed, all American women – are at greater risk of financial insecurity in their senior years than fathers (and other men).
More on this issue via Entitled to Know.
As Mother’s Day approaches, families are busy buying flowers or booking a brunch at a favorite restaurant. Sounds great, but you may want to check on Mom’s retirement plan.
via TIME.
Related Reading:
Is it any surprise that the thought of running out of money in retirement keeps 57% of women awake at night? Finding ways to eliminate this retirement inequity is at the heart of our Eleanor’s Hope initiative.
via Entitled to Know.
“Stay-at-home moms work an average of 94 hours per week for a total estimated "mom salary” of $113,586 a year. That figure is slightly more than last year. The average salary for stay-at-home moms – calculated based on what they would be paid if they were compensated for their work – rose by $624.“
Happy Mother’s Day!
The National Committee is committed and will continue to fight for everyone’s economic security everyday.
Chiquita Brooks-LaSure becomes the first black woman to lead the agency that oversees #Medicare and #Medicaid. She is a major improvement over President Trump’s CMS administrator, who undermined Medicaid and the Affordable Care Act. https://www.nytimes.com/2021/05/25/us/politics/chiquita-brooks-lasure-medicare-medicaid.html @CMSGov
A new analysis by the National Institute on Retirement Security shows that #WomensRetirement income lags behind men’s. Our #EleanorsHope initiative is dedicated to helping close the gap between women & men when it comes to retirement savings and benefits. https://www.ncpssm.org/eleanors-hope/
Seniors rely on the mail for everything from bill paying to collecting #SocialSecurity benefits. We must #SaveTheUSPS! https://www.cbsnews.com/news/postal-service-louis-dejoy-delivery-10-year-plan/
Raising taxes on the wealthy will only help to rebuild America’s #infrastructure, keep seniors financially stable, while giving them access to greater care.