Baby Boomers Face Uncertainty, Fear Outliving Their Retirement Savings

baby boomers

Many baby boomers fear they have not saved enough and will run out of money during their retirement.

Nearly half of baby boomers face so much uncertainty that they fear that their retirement will result in poverty, according to a new study by California-based investment advisers Financial Engines.

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Fewer American Households Own TVs

television

114.7 million households will own a television in 2012, down from 115.9 million this year.

These days fewer Americans own TV sets, research firm Nielsen has found. For the first time in 20 years Nielsen says it expects a drop in the number of U.S. households with a television set. According to Nielsen the decrease likely has to do with two factors: poverty and the rise of high-tech alternatives.

 

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New Research Shows How the Prison-Poverty Cycle Creates ‘Toxic Persons’ Condemned to Failure

prison

California’s failed prison system – states like California now spend more on locking people up than on funding higher education.

Forty years after the United States began its experimentation with mass incarceration policies, the country is increasingly divided economically. In new research published in the review Daedalus, a group of leading criminologists coordinated by the American Academy of Arts and Sciences  argued that much of that growing inequality, which Slate‘s Timothy Noah has chronicled, is linked to the increasingly widespread use of prisons and jails.

 

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Record Income Gap Between Rich and Poor Americans According to Census

income gap

Income gap in U.S. represents greatest disparity among industrialized nations.

The income gap between rich and poor Americans grew to the widest amount on record and represents the greatest disparity among Western industrialized nations, according to U.S. Census data.

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Half of Babies in Poverty Have a Mother with Depression

depression

1 in 9 babies in poverty have babies with severely depressed mothers.

More than half of babies in poverty are being raised by mothers who show symptoms of mild to severe depression, potentially creating problems in parenting and in child development, according to a new study.

 

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Over 115 Million Widows Around the World Live in Poverty

Afghan+Widows

Afghan widows wait in line next to a barbed wire fence to receive their food rations.

At least 245 million women around the world have been widowed and more than 115 million of them live in devastating poverty, according to a new study launched Tuesday night by Cherie Blair, wife of the former British prime minister. The most dire consequences are faced by 2 million Afghan widows and at least 740,000 Iraqi widows who lost their husbands as a result of the ongoing conflicts; by widows and their children evicted from their family homes in sub-Saharan Africa; by elderly widows caring for grandchildren orphaned by the HIV/AIDS crisis, and by child widows aged 7 to 17 in developing countries, the report said.

 

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Introduction to Poverty Included in Private School’s Curriculum

mckronniecharles

Gonzaga student takes part in a school tradition: lending a hand with what’s needed at the McKenna Center, a Catholic-run shelter on Gonzaga’s Washington campus.

During his freshman year at Gonzaga College High School, John Sullivan hurried by the panhandlers and homeless people he passed on the streets. They made him feel uneasy, unsafe.  The teen also was intimidated when he started volunteering at the Father McKenna Center, a Catholic-run shelter on Gonzaga’s Washington campus where homeless men can get a free hot lunch, addiction counseling, and other help.

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The Girl Effect – Creating A Better Future For Girls In Poverty

girls in school 

600 million adolescent girls living in poverty in the developing world are the most likely agents of change

The treatment of girls in developing countries is a huge, and perhaps the biggest, problem in development.

In the remote communities in Kenya the plight of girls is so moving.  A 13-year-old girl with a baby on her back, who is helping her 60-year-old husband tend goats. Female circumcision (mutilation of girls) is common practice and a standard procedure during puberty. Girls are married right after puberty often to much older men. Girls are less likely to be educated and trafficking in women is rampant. 

 

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Mexicans Sending Money To U.S. To Help Relatives

mexico

Sirenia Avendano cries as she speaks of sending money to her sons in the U.S.

During the best of the times, Miguel Salcedo’s son, an illegal immigrant in San Diego, would be sending home hundreds of dollars a month to support his struggling family in Mexico. But at times like these, with the American economy out of whack and his son out of work, Mr. Salcedo finds himself doing what he never imagined he would have to do: wiring pesos north.

 

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