For Immediate Release
Contact: Joan Grangenois-Thomas
212-627-2404 or firstname.lastname@example.org
October 14, 2008
The Road to Economic Security for Retirees and Families
Washington, DC - Both presidential campaign camps have put forth their ideas on how to get the economy back on track. Wider Opportunities for Women has known for quite some time what’s needed for retirees to reach economic security.
The following is a statement by Ramsey Alwin, Director of National Economic Security Programs at Wider Opportunities for Women:
“Leaders and decision makers, including the presidential candidates and the Bush Administration, have announced plans to restore economic security to retirees who are feeling the sting of the current economic downturn. We commend these efforts to offer solutions, such as allowing people to borrow from their 401k plans without penalties. But, many elders well into their golden years have spent down most of their retirement savings or they never had retirement plans to begin with. Price increases on food, home utilities, gasoline and other basic goods put these elders in real jeopardy and they need help now. WOW has a new tool, the Elder Economic Security Standard™ Index, that will help policymakers assess what that help should look like for elders nationwide. We want to help policymakers construct realistic, effective policies to help older Americans live well and independently.”