Friday, May 27, 2016
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What is Eleanor's Hope?

The retirement challenges facing millions of American women simply can’t be ignored.  On average, women live longer than men yet their lifetime earnings are generally lower.  Pay inequity while they’re working and often reduced benefits once they retire means millions of women face retirement and health insecurity in their old age.

The National Committee’s “Eleanor’s Hope” initiative, named in honor of First Lady Eleanor Roosevelt,  will raise awareness, recruit and train new activists and bolster Congressional leaders who are making a difference on women’s health and retirement security issues.  We’ll advocate for legislation that addresses the inequities threatening millions of retired women and work to elect lawmakers who share our vision of retirement equity for women. 

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Women to Watch
Rep. Carolyn B. Maloney (NY)
“Women’s role in the workplace has changed dramatically in recent decades. But the fact is that our economic policies have not always kept up. In 1965, a typical – median -- woman earned 60 cents for every dollar earned by a man. And today - a typical woman working full time, year round - earns 78 cents for every dollar earned by her male counterpart. That’s an improvement – but that’s still a 22-percent “pay gap” - one that represents more than $10,000 annually to a typical woman and her family.” 

Patricia Arquette, Actress

“The reality is 40 percent of the families are female-headed, there’s millions of relationships where both parents are working — they’re all getting affected by this gender inequality,” she said.  Latina women make 55 cents to every white man’s dollar. On average, black women make around 64 cents to every white man’s dollar. “Clearly women are not being paid fairly,” she said. “At this rate... it’s going to take until 2058 [to achieve wage equality].“



 

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“I am fifty years old and the 27 years I have been working have been a combination of full-time and part-time employment, with several years of no employment so that I could stay home with my baby. I am back to work full-time now but want to know how all of this will affect my Social Security benefit when I am retired?”

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