Latest from OWL

Standing Room Only at OWL’s Fall Meeting in Chicago

More than 70 women and men attended the OWL fall meeting October 11. After being greeted by board President Margaret Huyck, Vice President Lida Rodriguez-Taseff facilitated the event. Christina Swoope, a Medicare expert from the Henry Kaiser Family Foundation, shared their latest research on the key role Medicare plays for older adults, particularly women. She also talked about the foundation’s newest interactive tool, which provides visual representation of income and assets of Medicare beneficiaries now and in the future.

Next to speak was Zelda Wisdom founder Carol Gardner, the newly appointed Secretary of the OWL board. She started with her very personal story of finding herself at the age of 52 divorced and deeply in debt. She took her divorce attorney’s advice to get a therapist or get a dog, bringing home four-month-old Zelda, an English bulldog. Another friend suggested that Carol use her creative skills to enter a local greeting card competition. She won, and the idea for Zelda Wisdom was born. Read more here.

Posted by Pat Lewis on 10/14 at 02:39 PM

OWL, Sewall-Belmont House & Museum, to Launch Campaign to Engage Missing 22 Million Women Voters

Women may consistently register and vote in higher percentages than men, but 22 million women who were eligible to vote sat out the November 2010 mid-term election.

That’s why OWL and the Sewall Belmont House & Museum are launching a campaign to encourage women to get to the polls. With experts predicting record-low turnout for the midterm elections, each additional vote carries more weight.  “The turn-out by women varies enormously,” said Celinda Lake, founder of Lake Research Partners. “In 2008, 66 percent of women voters turned out to vote; in 2010 46 percent turned out.”

It’s important because women tend to have a different perspective on politics. A bipartisan September 2012 survey by Lake and Republican pollster Kellyanne Conway found that regardless of political affiliation, 80 percent of women agreed on 80 percent of the issues. They also tended to support efforts to build consensus, solve problems and bring private and public interests together.
Read more here.
Read the Spanish language version here.

Posted by Pat Lewis on 10/08 at 04:14 PM

OWL, Sewall-Belmont House & Museum, al lanzamiento de la campaña para atraer la participación de 22

Las mujeres se inscriben de manera consistente y votan en porcentajes más altos que los hombres, pero 22 millones de mujeres que eran elegibles para votar dejaron pasar las elecciones de mitad de período de noviembre del 2010.

Es por eso que OWL y el Belmont House Sewall & Museum están lanzando una campaña para alentar a las mujeres a acudir a las urnas. Con expertos haciendo predicciones récord de mínima participación para las elecciones de mitad de término, cada voto adicional tiene más peso. “La participación de las mujeres varía enormemente,” dijo Celinda Lake, fundadora de Lake Research Partners. “En el 2008, el 66 por ciento de las mujeres votantes acudieron a las urnas; en el 2010, solo el 46 por ciento participo”.

Posted by Pat Lewis on 10/07 at 12:27 PM

Will we see you in Chicago?

You are invited to join the OWL Board of Directors and special guests at our fall meeting Saturday, October 11, 11:00 – 12:30 p.m., in Chicago, at the Hyatt Place in Hyde Park. The meeting is free, and open to the public.

OWL’s board Vice President, Lida Rodriguez-Taseff will facilitate an inspiring panel of experts, including Zelda Wisdom founder Carol Gardner, White House Conference on Aging Executive Director Nora Super, and Christina Swoope, a Medicare expert from the Henry Kaiser Family Foundation.  Read more here.

Posted by Pat Lewis on 09/29 at 12:17 PM

Sneak Preview of Zelda’s Dogma on Voter Registration!

OWL is pleased to share this special preview of Zelda Wisdom’s dogma for National Voter Registration Day. It’s a great day to make sure your registration is up-to-date, and to reach out to friends to do the same. Speaking of voting—did you know that 22 million women eligible to vote in the last midterm election didn’t? OWL and the Sewall-Belmont House and Museum are working to engage those women this fall.  (Yes, we’ve written about this before. But we’re doing it again because, yes, it’s that important.)  Read more here.

Posted by Pat Lewis on 09/15 at 03:17 PM

Letter to the Editor: The New York Times

If you didn’t know any better, Sunday’s opinion piece “When Did We Get So Old?” would have you believe that the biggest issue facing aging boomers is whether or not to dye their hair.  With only the briefest of nods to financial issues, the author focuses instead on the ‘psychological quandary’ she says is causing her and her peers the ‘most unpleasantness’ –being the oldest in the room.

Really? This warrants how many column inches?  That we’re a very large, very self-important demographic that has discovered that aging is icky?
Meanwhile, the web is replete with alarming statistics about how unprepared boomers are for the more important aspects of aging. How we’re working well past ‘retirement’ age out of necessity, that we have no savings and have given no thought to long-term care—concepts particularly true for women and people of color.

But instead of taking advantage of some of media’s most valuable real estate to point out that these are societal and not just personal issues,  this piece instead chooses to perpetuate the myth that all boomers are awash in cash and retirement savings, and are ready to SoulCycle their way into their 90s.

Posted by Pat Lewis on 09/05 at 02:18 PM

Letter to the Editor: Washington Post

Letter to the Editor Washington Post
September 3, 2014

John Delaney makes several excellent points in “The solution to fixing dysfunction in Congress”. One of the most critical aspects is low turnout, which is quickly becoming a self-fulfilling prophecy. Faced with a dysfunctional Congress, people see little point in voting, which concentrates the voting power in an increasingly small set of hands – and the cycle continues. Any steps that we can take to enfranchise more voters, such as open primaries, can only strengthen our democracy.

Even women, who consistently register and vote in greater percentages than men (Post columnist Catherine Rampell wrote about this recently), are not exercising their power in midterm elections. In the 2010 midterms, 22 million women who could have voted didn’t; that’s why OWL, along with the Sewall-Belmont House & Museum, is launching an initiative this year to engage these women.  After all, the only way we as individuals can have an impact now is by participating in the process, even if the process itself is less than ideal.

Posted by Bobbie Brinegar on 09/05 at 02:01 PM

Women’s Equality Day: We Challenge You

The ALS Ice Bucket Challenge has served as a real wake-up call about truly devastating illnesses.

And it’s also a wake-up call of how we as a nation tackle problems like ALS, or Alzheimer’s, or Parkinson’s- because this is where the government plays a vital, irreplaceable role.

And our irreplaceable role as citizens is to choose the people who determine the federal response.

Today, we celebrate Women’s Equality Day- the day the 19th amendment was approved in 1920.

What better way to celebrate this momentous day than by reaffirming our commitment to exercising the hard-fought right to vote in November?

Also- it’s way more comfortable than this...

Posted by Pat Lewis on 08/26 at 03:19 PM

Investing in Companies that Invest in Women

There’s a new kid on the block in the area of socially responsible investing.  The Pax Ellevate Global Women’s Index Fund (PXWEX) is the only mutual fund in the U.S. dedicated to investing in companies that have a significant proportion of women in senior leadership roles.

The fund is led by Sallie Krawcheck, a former Bank of America and Citigroup executive who is now an entrepreneur. 

sallie krawcheck“Companies with more women in senior management have higher returns on capital, lower volatility, greater client focus, increased innovation and greater long-term orientation…I can think of no better way to invest in women than to invest in those companies around the world that have distinguished themselves by both their business performance and their leadership in advancing women,” said Krawcheck.

Click here to read the full post.

Posted by Deborah Akel on 08/17 at 12:19 PM

OWL Quoted in Baltimore Sun Article on Funding Challenges for Women Entrepreneurs

When The Baltimore Sun reporter Danae King set out to write a story on the difficulties faced by women entrepreneurs in funding their businesses, she reached out to OWL.  Danae interviewed OWL’s Communications Director Pat Lewis, who is quoted in the August 16 article responding to the recent Harvard University study that showed “profound and consistent” gender bias among investors, who prefer pitches by male entrepreneurs over identical pitches by female entrepreneurs: 

“It’s the way [entrepreneurs] are portrayed,” said Pat Lewis, a spokeswoman for OWL, a national organization that advocates for women over age 40.

An underlying bias against women as entrepreneurs might exist, as entrepreneurs are often portrayed as white males, she said.

The lack of funding for women also could be related to the lack of female investors as studies show people are “more likely to give money to someone who looks like [them],” Lewis said.

Click here to read the entire article in The Baltimore Sun.

Posted by Deborah Akel on 08/16 at 12:18 PM

You’re fed up— but will you keep taking it?

A recent NBC News/Wall St. Journal poll clearly shows Americans are fed up:

·  6 in 10 Americans are dissatisfied with the economy, and 71% blame our elected officials in Washington

·  Over 70% think the country is headed in the wrong direction

·  Nearly 80% are dissatisfied with our political system

·  Only 14% approve of the job Congress is doing

These sobering statistics aren’t new.  This is the 7th-straight NBC/WSJ poll (since 2011) in which Congress’s approval rating has been below 15%.

But instead of rallying to the booths on Election Day to express their frustration, an increasing number of Americans are opting out of their hard-earned right to vote.

Click here to read the full post.

Posted by Deborah Akel on 08/15 at 08:02 PM

Happy 79th Anniversary, Social Security!

When I started with OWL as an intern through the National Academy of Social Insurance, I had my questions about Social Security. I did not believe, like over 80% of my generation, that Social Security wouldn’t be there for me when I retired. Although, the pervasive scare-tactic messaging had skewed my idea of the program enough to make me wonder: When the time comes, will I be able to retire and live comfortably? How exactly will Social Security figure into that? During these turbulent times, these are some of the questions Americans ask each day, leaving many worried about their retirement security.

I learned that, in an era rife with uncertainty, one program has proven, for 79 years, its ability to weather the storms: Social Security. 

Since its passage in 1935, Social Security has provided insurance through the likes of poor housing markets, declining pensions, rising health care costs, and recession after recession.

In fact, Social Security is essential to the economic security of older Americans, particularly women. Two in three seniors get over half of their income from Social Security, and one in three get almost all of their income from Social Security. Social Security benefits keep a significant portion of women out of poverty- 37.5% in 2012. In 2012, 26.5% of women relied on Social Security for 90% or more of their income.

Click here to read more.

Posted by Brittany Reid on 08/14 at 02:20 PM

OWL Executive Director One of New Founders of WomenAgainstAlzheimer’s (WA2) Network

TheWomenAgainstAlzheimer’s Network (WA2)  “harnesses the power and creative energy of women - the disease’s disproportionate victims, as patients and caregivers – to create a new approach to finding a cure and to build a movement that commits our nation to a bold and aggressive plan for the prevention and treatment of Alzheimer’s disease.”

Their goals include:

*Challenging policymakers and the research community to move away from business as usual to collaborate, to innovate, and to forge ahead in new and previously unforeseen ways to reach for a cure.

*Marshalling an army of women advocates in Washington and state capitals, and throughout industry and the research community.

*Educating lawmakers and the general public about the prevalence of the disease, its particularly cruel burden on women, and the resulting costs to our society.

The statistics are sobering:

*3.2 million women have Alzheimer’s; women are diagnosed twice as often as men

*60-70 percent of the 15.5 million primary caregivers for Alzheimer’s patients are women

*Women leaving the workforce to care for a diagnosed family member lose, on average, more than $300,000 in earnings, pensions and Social Security benefits

Posted by Pat Lewis on 08/05 at 02:48 PM

OWL Takes Part in First Roundtable Discussion on 2015 White House Conference on Aging

OWL was pleased to be part of this event, hosted by Cecilia Munoz, Director of the White House Domestic Policy Council. The conference will be a timely one—2015 is the 50th anniversary of Medicare, Medicaid and the Older Americans Act, as well as the 80th anniversary of Social Security.

“The 2015 White House Conference on Aging is an opportunity to look ahead to the issues that will help shape the landscape for older Americans for the next decade,” Ms. Munoz writes. “As we listen to aging leaders and older Americans, some of the common themes we hear include the following:

·      Retirement security is a vitally important issue. Financial security in retirement provides essential peace of mind for older Americans, but requires attention during our working lives to ensure that we are well prepared for retirement.
·      Long-term services and supports remain a priority. Older Americans overwhelmingly prefer to remain independent in the community as they age. They need supports to do so, including a caregiving network and well-supported workforce.
·      Healthy aging will be all the more important as baby boomers age. As medical advances progress, the opportunities for older Americans to maintain their health and vitality should progress as well.
·      Seniors, particularly the oldest older Americans, can be vulnerable to financial exploitation, abuse, and neglect. The Elder Justice Act was enacted as part of the Affordable Care Act, and we need to realize its vision of protecting seniors from scam artists and others seeking to take advantage of them.

Posted by Pat Lewis on 08/04 at 03:22 PM

Medicare Trustees Report Brings Good News

Americans got good news in the 2014 Medicare Trustees Report released in late July.

Medicare’s financial status improved modestly, and the date the trust fund is projected to become insolvent is 2030, four years later than was projected in 2013.

Among several factors that contributed to the modest improvement: the Affordable Care Act helped to increase revenues as well as efficiency in Medicare, and healthcare costs for Medicare beneficiaries have grown at a slower pace in recent years. The Congressional Budget office estimated that Medicare spending for each beneficiary would be $1,000 lower in 2014 than was estimated in 2010 and $2,400 lower in 2019.  If nothing is done and the Medicare trust funds are exhausted in 2030, incoming payroll taxes and revenues could still pay 85% of benefits decreasing to 75% of benefits starting in 2045.

Currently, there are 52.3 million Medicare beneficiaries, of whom 43.5 million are 65 and older. Medicare is also a critical source of retirement security for 22.4 million women ages 65 and over, who tend to have lower incomes and more chronic conditions than older men.  More than half (56%) of all older Medicare beneficiaries are women; two out of three beneficiaries ages 85 and older are women.

The improvement in Medicare’s finances will provide more time for policy makers to come up with a plan to ensure its long-term solvency and allow for incremental changes rather than emergency measures.

Posted by Amy Shannon on 07/29 at 01:01 PM

OWL Talks Business with Shark Tank’s Barbara Corcoran

If you’ve ever seen ABC’s Shark Tank, a reality show where Barbara Corcoran sits on a panel of successful venture capitalists hearing pitches from aspiring entrepreneurs, you’ll know exactly why this feisty businesswoman gives a whole new meaning to the term “loan shark.”

In fact, at this week’s Senate hearing on Women Entrepreneurship, hosted by the U.S. Senate Committee on Small Business and Entrepreneurship, The Shark wasn’t the only one talking about loans. Everyone involved was emphasizing the challenge women face in accessing finance, from Small Business Administrator Maria Contreras-Sweet to media mogul and entrepreneur Nely Galán to leaders from Women Impacting Public Policy (WIPP). When it comes to women reeling in venture capital funding, witness after witness proved that it is “enormously difficult to compete with men”. 

Given the egregious findings of the report Senator Cantwell released yesterday on behalf of the Committee, “enormously” is an understatement. The report stated that women receive only 4.4% of business loans, and that the U.S. government has never met its goal of allocating a mere 5% of federal contracts to women-led businesses.

Click here to read the full blog post.

Posted by Brittany Reid on 07/25 at 11:47 AM

Know the Facts: Misconceptions About SSDI

There’s been a lot of news lately about the Social Security Disability Insurance Program, including accusations that it’s being abused, that claims are skyrocketing, and that it’s about to go bankrupt.

It’s important to know the facts, and the recent post from the Center on Budget and Policy Priorities is an excellent summary of the critical role SSDI plays in millions of people’s lives, and what the real funding issues are.

First, SSDI payments go to people in need. The article points out that the typical beneficiary is in his or her late 50s and suffers from a severe mental, musculoskeletal, or other debilitating impairment.

Many are also poor. CBPP notes that poverty rates for disability insurance recipients are twice as high – even when taking those benefits into account. 

Overall, about one-fifth of all disabled-worker families are poor; without DI, nearly half would be.

And yes, the rolls have been growing – but the reasons are from well-known demographic factors: more people, more older people, more women in the workforce – and ironically enough, the rise in the Social Security full retirement age from 65 to 66. The recession also bumped up applications, since unemployment drives those up. But approval rates actually fall when unemployment is high. 

Click here to read the full blog post.

Posted by Pat Lewis on 07/24 at 03:16 PM

Commemorating the 50th Birthday of the Civil Rights Act

“We all should know that diversity makes for a rich tapestry, and we must understand that all the threads of the tapestry are equal in value no matter what their color.” —Maya Angelou

50 years ago today, Congress passed the landmark Civil Rights Act of 1964, and created the Equal Employment Opportunity Commission (EEOC) to enforce the Act. Today, the EEOC enforces a number of federal statutes protecting workers from discrimination.

As we recognize the progress we’ve made as a nation in achieving equality for all, we also realize more needs to be done.  Despite federal anti-discrimination laws, age-based discrimination complaints have increased by 50% over the past several years, and women still earn only 77 cents for every dollar men earn.  OWL will continue its work on behalf of women 40+ in the areas of equality, economic security, and quality of life. 

Click here to read the full blog post.

Posted by Deborah Akel on 07/02 at 04:17 PM

OWL Quoted in Fox Business News

OWL Executive Director Bobbie Brinegar is quoted in a June 27 article on female entrepreneurs written by Fox Business reporter Christina Scotti.  The article, “Female Entrepreneurship Growing Faster Than Ever,” highlights the impressive growth rate (68% since 1997) of women-owned businesses, which now number 9.1 million.  It also mentions a Harvard study which found that men—especially attractive ones—have a much easier time than women in securing funds from venture capitalists.  Bobbie responded to these findings by calling for change:  “It’s ridiculous to think males have more persuasiveness, and we need to get rid of this unfounded bias by advocating for the millions of smart and successful women entrepreneurs out there.”

Posted by Deborah Akel on 06/30 at 11:49 AM

Women: A Civil Rights Afterthought Then, Taking Charge in Business Now

By Janna Starr
Secretary, OWL National, and President, The Arc Oregon

As we commemorate the 50th anniversary of the signing of the Civil Rights Act of 1964, which, among other things, makes it unlawful for an employer to refuse to hire, fire, or discriminate against anyone because of race, color, religion, sex, or national origin, we might take a moment to remember that women were an afterthought in the Act. The word “sex” was not added to Title VII until late in the process when a Democrat from Virginia introduced it in a one-word amendment. Rumor had it that the Representative, who generally opposed integration legislation, did so in order to increase opposition to the bill by labor unions, which had opposed including women in employment legislation.

The rest, as we know, is history. Thanks to the strong efforts of women’s advocacy organizations and civil rights leaders in Congress, the Civil Rights Act – with the ban on sex discrimination included - was signed into law.

Women have clearly made great strides in the world of employment since then. And lately, they have been breaking ground in another business arena: entrepreneurship. 

Click here to read the full blog post.

Posted by Pat Lewis on 06/30 at 11:16 AM
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