The mental image most of us have about retirement probably resembles a Folger’s Coffee commercial. We think of happy, healthy, long-time married couples with white hair and loving embraces. We think of these couples living in the home in which their children were raised. We think of travel, gifts to the grandchildren, and time with life-long friends.
In Minnesota, the local average Social Security payment for men fell more than $3,800 short of economic security. A typical Minnesota renter who relied entirely on the local average Social Security for women fell nearly $8,000 short of economic security.
Economic security is not available to most elder Minnesotans. An elder couple with a mortgage can expect the following average expenses every month:
- Housing: $1,085
- Food: $430
- Transportation: $414
- Health Care: $600
- Miscellaneous necessities: $368
We do not want our grandparents and parents facing this kind of economic hardship. The Minnesota Elder Economic Security Initiative is determined to change the dialogue from elder poverty to elder economic security.
Elder economic security in Minnesota means that every Minnesota elder has adequate shelter, food, health care, transportation, and income to cover basic needs. To participate in this effort, contact Marie Nelson at the Minnesota Women’s Consortium at firstname.lastname@example.org or 651-228-0338. Remember that May is Older Americans Month.
Thanks to Wider Opportunities for Women for organizing “Blog About It: Elder Economic Security on May 1, 2009.” Please participate in Blog About It by commenting on this blog or the National Elder Economic Security Initiative blog, or posting on your blog about what elder economic security means in your state.
By Marie Nelson