Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

August-15-00

Bush's Social Security Proposal Would Hurt Women Worst

Republican presidential nominee George W. Bush is proposing a $900 billion plan to alter the Social Security system so that 2 percent of an employee's Social Security taxes would be placed in a private account for that person to control and invest as she or he wishes. Privatizing Social Security withholdings takes huge amounts of money out of the Social Security trust fund, which needs more money, not less, to remain stable and profitable. A weakened Social Security system means less support for many older people, 60 percent of whom are women. According to Judy Mann of The Washington Post, "It's a bad idea, and particularly bad for women."

Bush's privatization plan would be particularly detrimental to women because women typically earn less. A smaller paycheck means less money to invest in a private plan and less money to rely on in retirement. Women live an average of 7 years longer than men. These 7 years of additional annuities will cut into the total retirement package. And, women depend more on Social Security. Without it, 52.9 percent of women 65 and older would live in poverty-a figure that would become reality under Bush's plan.

Media Resources: Washington Post - 11 August 2000


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

2/27/2015 This Bipartisan Bill Will Hold Colleges Accountable for Ending Campus Sexual Assault - A bipartisan bill aimed at holding colleges and universities accountable for rape and sexual assault cases was introduced in Congress yesterday, spearheaded by Senator Kirsten Gillibrand (D-NY). Some of the Campus Accountability and Safety Act's key key provisions include a requirement of confidential reporting systems on colleges and universities, minimum training requirements for campus personnel, and stricter penalties for schools found to be in violation of Title IX or the Clery Act. . . .
 
2/27/2015 Houston Is Finally Testing a Backlog of Thirty-Year-Old Rape Kits - The city of Houston, Texas has finally begun testing decades-old rape kits - and in just one week, those have led to hundreds of leads. Houston is one of the first of the major cities nation-wide to clear their backlog of over 6,000 untested rape kit s- some of which were more than thirty years old. . . .
 
2/26/2015 If This Bill Passes Federal Law Will Add Consent to Sex Ed Curriculums - Right now, federal law does not require health or sex education to include sexual assault prevention - but that could change with a new bill introduced by Senators Claire McCaskill (D-MO) and Tim Kaine (D-VA). The Teach Safe Relationships Act of 2015, which was introduced earlier this month, would require all public secondary schools in the country to include teaching "safe relationship behavior" in order to help prevent domestic violence and sexual assault. . . .