Home -> Law Blog Directory -> Academic Blogs -> Feminist Law Professors
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Academic
: Feminist Law ProfessorsIt Is About the Economy for Main Street as well as Wall Street!
By Ann Bartow
The Social Security Administration released its 2008 Fast Facts and Figures report this month and given our current economic crisis and the tsunami of Boomers getting ready to retire the report is informative, important and a reminder of critical financial challenges on the horizon. Some of the more notable facts and figures are as follows:
*SSA paid benefits to 54.7 million beneficiaries in 2007, but over the next two decades there will be 78 million Boomers first eligible to retire (beginning in 2008).
*Women accounted for 56% of adult Social Security recipients in 2007
*The average monthly benefit for women was $896 and for men was $1,184 in 2007.
*Aged non-married women and minorities have the highest rates of poverty relative to their aged counterparts. In 2006, 16.8% of aged nonmarried women lived in poverty and 10.2% are near poor. The statistics for minorities are even worse: 22.7% of aged Blacks lived in poverty and 9.8% are near poor; 19.4% of aged Hispanics lived in poverty and 10.3% are near poor.
*The report indicates that by 2017 the payments to beneficiaries will be greater than the payments in taxes. By 2041, under the current Social Security system structure, the Social Security trust fund will be exhausted.
Given the tumbling and insecure financial markets and, in turn, private pensions and retirement funds, the present and future security of Social Security benefits and Medicare becomes even more critical for all Americans.
It is about the economy and restoring security for Main Street as well as Wall Street.
–Francine Lipman
Full post as published by Feminist Law Professors on September 22, 2008 (boomark / email).
The Story of the Economic Collapse from Main Street
More from Bloomberg: Joblessness Rising in 12 Battleground States for Obama, McCain The following news stories from the Associated Press this past Friday confirm that that Wall Street financial meltdown is also being felt throughout the country on Main Street...
Blaming the Fed
No-one on Wall Street seems to have anything good to say about the Fed. The economy is slowing and some on Wall Street see cherished positions threatened by a higher than comfortable probability of recession...
Protecting Main Street from Wall Street
Our economy is facing historic challenges, ones that pose a clear threat to our country?s economic foundation. Without urgent and comprehensive action, a financial collapse is likely that would be devastating for Americans...
America is being abandoned by Washington, D.C.
Save Wall Street . . . Forget Main Street. That is basically what Republicans and Democrats are doing this week as they decide to provide the biggest bailout in he history of the world...
Wall Street Partnerships and Public Service, circa 1970
[posted by Bill Henderson] I have been reading Paul Hoffman's 1973 classic, Lions in the Street: The Inside Story of the Great Wall Street Law Firms. Before writing the book, Hoffman was a reporter covering the legal beat for the...
Politics: Wall Street drunk, Congress was bartender
Apparently, President Bush said something at a private fundraiser that has the chattering classes all atwitter. He boiled down the housing crisis to "Wall Street got drunk" and said that the country is feeling the hangover...
State Street Corporation 401(k) / ERISA Stock Fraud
State Street Corporation 401(k) / ERISA Stock Fraud
State Street Corporation 401(k) / ERISA Stock Fraud
State Street Corporation 401(k) / ERISA Stock Fraud
State Street Corporation
NYSE:STT
Condemned Redevelopment
City of Baltimore agrees to $7.8 million property use dispute settlement with Warner Street Inc.
Milestone LCD TV Wall Mounts
Recalled
US Government
alleging land surveyors should not be allowed on private property to build a US Mexican border wall.
#1 Online Legal Resource
On 08-25 at 15:46PM
Acute perpendicular parking #NYPD #NYFD
On 08-18 at 22:18PM
Parallel parking gone bad. Too much gas UES NYC
On 08-18 at 21:41PM
UES NYC
On 08-18 at 21:25PM
Twitter suspends journalist critical of broadcast partner's coverage on dubious grounds @guyadams #nbcfail #twitterfail
On 07-30 at 17:57PM
Model example of 1st Amendment suppression by the People of New York City's Michael Bloomberg #OWS #NYPD
On 07-12 at 21:07PM
AG Holder lackadaisical on Operation in our Sites domain name seizures & RIAA lobbied free speech suppression @dajaz1
On 06-08 at 22:44PM
Why is the Catholic Church going to court over Obama contraception policy? @NewYorker commentary
On 05-31 at 10:08AM
Monks sue Louisiana for right to sell caskets made from forrest destroyed by Katrina
On 05-31 at 07:47AM
Are the abortion ultrasound laws headed for the Supreme Court?
On 05-15 at 21:52PM
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| Oil Spill Video
All original material © 1999-2011 by USLaw.com. All other material, including Blog Directory feed content, are © by their respective copyright holders. |