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WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
WIEESI 2009
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WIEESI 2009

363

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A graphic explanation of a new measure of elder economic security

A graphic explanation of a new measure of elder economic security

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  • 1. Wisconsin Elder Economic Security Initiative™ Supported by: The Retirement Research Foundation The Atlantic Philanthropies The Helen Bader Foundation Judy Karofsky Interim Administrator Wisconsin Women’s Network info@wiwomensnetwork.org 608-255-9809
  • 2. Wisconsin Women’s Network
  • 3. Wider Opportunities for Women National and local programs
  • 4. Wisconsin Elder Economic Security Initiative
  • 5. Wisconsin Aging Statistics 13% 87% Over 65 65 or younger US as a whole: 12.4%, up from 7.9% in 1990
  • 6. Wisconsin Annual Income Persons Over 65 7% 35% 65% 93% Below $35,000 $35,000 or more Below Federal Poverty Level
  • 7. Federal Poverty Level Food 33% "All other expenses" 67% 1960’s Federal Poverty Level = Food expenditures X 3
  • 8. Federal Poverty Level Food 14% Housing 35% Transportation 11% Miscellaneous Essentials 16% Health Care 24% Food X 3 = only 42% of today’s needs
  • 9. Federal Poverty Level 42% Today's Gap 58% Today Federal Poverty Level is meaningless
  • 10. Wisconsin Elder Economic Security Index Not Federal Poverty Level’s deprivation Captures elders’ actual expenses Used to benchmark against available income sources
  • 11. Why do we need this Initiative?
  • 12. Why do we need this Initiative?
  • 13. What are the goals? Change the public dialogue from “elder poverty” to “economic security” Elder Poverty Economic Security
  • 14. WHAT are the goals? Provide a framework decision guide for elders, their families, caregivers, aging boomers and service providers Elders Service Family Providers Aging Care Boomers Givers
  • 15. What are the goals? Influence the development and evaluation of public policies and programs Public Programs Public Policy
  • 16. What are the goals? Public Policy Public Programs
  • 17. How will the Initiative meet its goals? Coalition Building Research Education Advocacy
  • 18. Wisconsin Elder Economic Security Index Housing Health Food Care Transportation Miscellaneous Expenses
  • 19. Wisconsin Elder Economic Security Index Geographically specific
  • 20. Wisconsin Elder Economic Security Index Marital Housing Status Health Useful Data
  • 21. Wisconsin Statewide Average Single Couple Owners Owners without mortgage without mortgage $28,057 $18,154 Renters $29,145 Renters $19,242
  • 22. Wisconsin Elder Economic Security Index
  • 23. Dane County Average Single Couple Owners Owners without mortgage without mortgage $29,606 $19,829 Renters $30,553 Renters $20,777
  • 24. Wisconsin Elder Economic Security Index Dane County $20,777
  • 25. Elder Economic Security Social Security Investment Pension Income
  • 26. Social Security Part- time Job 2 At home Job 1
  • 27. Social Security Part- time Job 2 At home Job 1
  • 28. Pensions Early retirement Job 2 or annuitization At home Job 1
  • 29. Pensions Early retirement Job 2 or annuitization At home Job 1
  • 30. Savings/Investments Good Intentions Crises Wall Street
  • 31. Elder Economic (In)Security 20% in WI live on social security Less than ½ WI No women savings? will receive No income pensions
  • 32. Elder Economic Condition Rely on Cut back on families for food, medicine, financial utilities assistance
  • 33. Elder Economic Condition Rely on Cut back on families for food, medicine, financial utilities assistance
  • 34. Wisconsin Elder Economic Security Index Let’s start talking about the concept WiEESI is replacing FPL
  • 35. Wisconsin Advisory Committee Advocates Academics Planners Policy Service makers providers
  • 36. Wisconsin Activities Legislative seminar Financial education workshop Policy Recommendations Index report Policy brief
  • 37. Wisconsin Outreach and Education Providers Consumers Families Policy Funders makers
  • 38. Wisconsin Outreach and Education Providers Consumers Families Policy Funders makers
  • 39. Wisconsin Policy Recommendations Restore state- only SSI Expand support for elderly transportation
  • 40. Wisconsin Outreach Campaign for Elders
  • 41. Problems with Benefit Programs Income limits too Asset limits too low low (e.g., Medicaid, (e.g., SSI) SSI)
  • 42. Wisconsin Endorsements AARP Wisconsin University of Wisconsin School of Nursing AgeAdvantAge Wisconsin Alliance for Retired Americans Alzheimer’s Association Wisconsin Association of Aging Unit Black Women 50+ Health & Lifestyles Directors Magazine Wisconsin Association of Area Agencies Care Wisconsin on Aging Citizen Action of Wisconsin Wisconsin Association of Benefit Coalition of Wisconsin Aging Groups Specialists Community Health Partnership Wisconsin Board on Aging and Dane County Area Agency on Aging Long Term Care Disability Rights Wisconsin Wisconsin Council on Children and Milwaukee County Department on Aging Families National Association of Social Workers – Wisconsin Council of Churches Wisconsin Chapter Wisconsin Personal Services Association Older Women’s League – Milwaukee Wisconsin Retired Educators Association SAGE/Milwaukee YWCA – Madison
  • 43. Next Steps in Wisconsin More endorsements Continued Pursue policy outreach agenda Research Refine policy analysis initiatives
  • 44. WHAT CAN YOU DO? • To the media about the Elder Index Talk or write • To expand programs based on the Elder Index Advocate • Other groups that can learn about the Elder Index Identify
  • 45. WHO should be involved? AARP Area Agencies on Aging (AAAs) Elder, women’s and low-Income advocates Senior membership organizations State Older Women’s Leagues (OWL) For-profit and nonprofit service providers Academics and research organizations Public entities Philanthropists Policymakers State administrators Budget and tax groups Caregivers Elders and their families
  • 46. Other States are Involved Massachusetts Pennsylvania Illinois Connecticut New Jersey New Mexico
  • 47. Why support the Initiative? Share valuable info and data All persons, Seniors young and deserve to old, should age in Wisconsin be able to place with Elder meet basic dignity Economic needs Security Index Become part of a national movement
  • 48. We hope you will join our mission to ensure Wisconsin elders can age in place with dignity!

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