Monique Morrissey

Heads Up, Republicans Want Wall St. Investment Advisers to Lie and Pick Your Pocket

While the headlines are dominated by White House leaks and personnel scandals, the Trump administration and Republicans in Congress have been quietly helping the financial industry siphon off your retirement savings.

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Hotel Housekeepers Make the Beds but Still Can't Afford to Lie in Them

This week marks the beginning of summer—family reunions, barbeques, and beach vacations— for those who can afford it. Those who can’t include hotel housekeepers, who like many U.S. workers over the past three decades have seen the standard features of a middle-class lifestyle grow even farther out of reach while productivity has more than doubled.

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Women Over 65 Are More Likely to Be Poor Than Men, Regardless of Race, Educational Background or Marital Status

Women age 65 and older are much more likely to be poor than their male counterparts—and older, minority, and unmarried women are at greatest risk. The chart below replicates findings in a new report by the National Institute on Retirement Security, but uses an alternative measure of poverty that takes into account out-of-pocket medical expenses and other factors in addition to income. Hispanic senior women have the highest poverty rate of any group—31 percent, compared with 28 percent of Hispanic men over the age of 65. Senior women who never married have a similarly high poverty rate (29 percent); comparatively, senior men who never married have a poverty rate of 21 percent. As women get older, they also become more likely to be in poverty: 17 percent of women between the ages of 70–79 and 22 percent of women 80 and over are in poverty. Meanwhile, men in these age groups have a poverty rate of 11 percent and 17 percent, respectively.

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GOP's New Attack on Social Security's Disability Benefits: Exaggerate Number Of Claims

The Social Security Disability Insurance (SSDI) program is set to be the next big battle in Republicans’ long campaign to dismantle Social Security.

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