Dec 14, 2015 04:52 AM EST
The older women are usually in poverty. Around 12.5 percent of the elderly women are poor but the women of color are facing more severe challenges in terms of poverty during retirement. To survive in this competitive world, the women of color are forced to take up any odd job and carry on a much shoddy lifestyle.
According to a blog from Vickie Elisa, Next Avenue contributor, and a 17-year financial educator says, in particular, that one of her clients lost a job with an income of $55,000 annually. The person had to file bankruptcy without any job and no income while the home is foreclosed and two vehicles repossessed. To go on with life, she had to withdraw the whole retirement plan of 457(b), a plan for both workers at the state and local governments including non-profits.
She dealt with indignity and became the victim of loan sharks. She has a $100,000 debt for pursuing her Ph.D. degree which was not completed because of the stress of the impeding house foreclosure, as reported by Forbes news.
The application to around 2,500 jobs was either rejected or few called back offering the least package of $28,000 job. It is a very tough situation for the Women of color; it seems as if a 50-ton mallet is being hit on steroid.
As per the Mocha Moms blog, in a Center for American Progress (CAP) discussion in the Washington DC, the National President of Mocha Moms Inc., Kuae Kelch Mattox revealed that when people talk about balancing work and family, black women are often not a part of the discussion. It harms the overall debate on fundamental economic stability and important issues that affect families. Many women of color are disproportionately affected by public policy, or the lack of, with regard to issues such as paid family leave, raising the minimum wage, paid sick days, working from home, and flexible scheduling.
The more educated and independent women face more racial, ethnicity, and gender problems. The workplace dynamics are difficult to handle and the women of color are categorized as aggressive, lazy and emotional.
Such economic challenges must be addressed and a comprehensive range of solutions and strategies must be initiated using holistic and ecological approaches in order to put an end to the racial disparities.
According to the Administration of Community Living blog, the National Education and Resource Center on Women and Retirement Planning was established with an agreement between AoA (Administration of Aging) and WISER (Women's Institute for a Secure Retirement). The mission of the Center is to provide women with access to a one-stop gateway that integrates financial information and resources for retirement planning, future, health, and long-term care with Older Americans Act Programs.
The retirement planning tools and financial education is being offered by WISER through such an establishment. With such vital initiatives, the center is offering the much needed financial knowledge to the elderly women of color. Numerous publications, newsletters, webinars, interactive are being conducted by the center to educate the women about various financial issues important to them.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.