Seniors and Children - the targeted populations!

Yesterday I went to an advocacy planning meeting - for human services in the rough financial seas ahead.

We heard from groups concerned with or represent children, seniors, the environment, disabilities, the poor and others who rely on the vast social service networks. All these groups have clients who now need services and see their client list growing by the day! In the face of that growing need - we are facing a huge budget deficit here in Oregon and I presume in all 50 sates and the District of Columbia. It is not pretty - in fact it can be depressing ugly - but we know we need to keep looking ahead and being hopeful that a new administration in D.C. will offer some hope and help - but it will not be immediate.

In bad times more people need social services.
In bad times governments cut social service funds.

That's the ongoing quagmire faced across this country right now!

Food banks are empty as people who used to donate now need the food themselves.
Lost jobs means more need food stamps.
More kids meet the requirement for free school lunch programs and those programs are either even funded or get less money now.
More seniors need help with food, medicine, emergency money for taxes and utility bills and those funds are the same as in previous years or less - with more people meeting the criteria for those funds.

Ask your state why is that the most vulnerable among us are the ones who are made more vulnerable in bad financial times? Do we not value our seniors or children? Why are they rarely or never top priority budget items?

Find out what decisions are being made in your state that affect seniors and children and call your state and federal reps and senators to make your voice heard..

And get involved with your local advocacy groups...

More on Seniors and Bankruptcy

I'm sorry - but in the USA when an 80-year old has no option but to file bankruptcy - I get royally pissed!

This 80-year-old woman was still working to supplement her social security income but she needed surgery and like too many other Americans - she used credit cards for food...and now she is filing for bankruptcy.

Unfortunately she is not alone!

In 1991, the 55-plus age group accounted for about 8 percent of bankruptcy filers, according to the study, which looked at more than 6,000 cases filed in 1991, 2001 or 2007. By last year, filers 55 and over accounted for 22 percent.

Each age group under 55 saw double-digit percentage drops in their bankruptcy filing rates over the survey period, older Americans saw remarkable increases. The filing rate per thousand people ages 55-64 was up 40 percent; among 65- to 74-year-olds it increased 125 percent; and among the 75-to-84-year-old set, it was up 433 percent.

[emphasis added by Lynn]

Full article HERE

My mother used to worry about outliving her money - so should the rest of us as it is more of a reality.

Again I ask - why do we treat our elders this way? Why do we allow medical establishments to force us into bankruptcy? With the big pharmas helping push all along on this same path? [often with meds we do not need]

We need a sane medical policy like universal coverage - which would help alleviate a lot of the sky rocketing costs.

The USA has among the highest medical costs in the world - but not even the best care anymore...that is sad too.

More about finances and aging

Read this today and got mad [at the politicians in charge] and sad [as it will get worse when winter arrives.]

These are tough economic times for people of all ages, but few are affected more than senior citizens living on pensions and Social Security, and juggling medical bills, credit card payments and mortgages along with soaring food and gas costs.

Americans age 55 or older experienced the sharpest rise in bankruptcy filings during the 16-year period between 1991 and 2007, according to a report released by AARP, "Generations of Struggle." The rate of personal bankruptcy filings among those ages 65 or older grew by 125 percent, while the bankruptcy rate of seniors ages 75 to 84 jumped a stunning 433.3 percent.

"It's frightening. It's a horror story in the making. It will not get better. It will continue to get worse," said Thomas Mackell., chairman of the board of directors of the Federal Reserve Bank of Richmond and author of "When the Good Pensions Go Away." "We are facing a generation of boomers where 55 percent of them are ill-prepared economically to retire."

Full article: http://www.scrippsnews.com/node/34659

Home values are down, hard now to get refinancing, the company you worked for forever decides to stop paying pensions and heath care, etc. Your IRA is worthless with the market downturn and gas costs over $4 a gallon.

I don't usually post a personal business plan here - but now I am going to do just that - so if you don't want to read a "commercial" stop now : -)

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