National Urban League National Urban League Policy Institute Webinar Why Social Security Matters To African Americans Thursday, June 28, 2012.

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Presentation transcript:

National Urban League National Urban League Policy Institute Webinar Why Social Security Matters To African Americans Thursday, June 28, 2012

National Urban League MODERATOR Valerie Rawlston Wilson, Ph.D. Vice President, Research National Urban League Policy Institute (NULPI)

National Urban League AGENDA Moderator: Valerie Rawlston Wilson, Ph.D., Vice President, Research, NULPI Panelists:  Opening Remarks: Chanelle Hardy, Executive Director, NULPI  Remarks: Darnell Williams, 1 st Vice Chair, Association of Urban League Executives  Remarks: Jennifer Clark, Income Security Project Coordinator, NASI  Perspective from NUL Young Professional: Brandi Richard, President, NUL Young Professionals  NULPI Survey Findings: Valerie Rawlston Wilson, Ph.D., Vice President, Research, NULPI  National Policy: Dan Adcock, Director of Government Relations and Policy, National Committee to Preserve Social Security and Medicare  Next Steps –Messaging: Hilary Doe, Vice President, Programming & Operations, The Roosevelt Institute  Q & A

National Urban League Chanelle P. Hardy Esq. Senior Vice President and Executive Director National Urban League Policy Institute (NULPI)

National Urban League Darnell L. Williams First Vice Chair – Association of Urban League Executives President and CEO Urban League of Eastern Massachusetts

National Urban League Jennifer Clark Income Security Project Coordinator National Academy of Social Insurance (NASI)

National Urban League Brandi Richard President National Urban League Young Professionals

Preliminary Findings from NULPI-YP Social Security/Personal Financial Security Survey Valerie Rawlston Wilson, PhD Vice President of Research National Urban League Policy Institute National Urban League

Predominantly female (71.2%) Highly educated % have bachelor’s degree or higher Most are age (67.8%) – middle of YP age cohort of Most are single/never married (80%) Demographics of Survey Respondents

Perceptions About the Strength of Social Security

Have you or anyone in your immediate family ever received Social Security benefits?

How often do you provide financial assistance to a family member receiving Social Security?

Policy Attitudes – Extend Payroll Tax Holiday?

Policy Attitudes – Proposals to Extend Solvency

Policy Attitudes – National Economic Priorities

How confident are you that your current retirement planning strategy will sufficiently fund your retirement?

Do you have a private disability or life insurance policy?

Participation in Retirement Savings Plans

Eligibility for Employer Matching

Income & Wealth

Assets

Debt

Access to Financial Planning Services

Conclusions Lack of confidence in Social Security, but clear evidence that it is and will be important Policy attitudes are consistent with majority of Americans Hopefully, participation in the survey has led some to think about plans for the future & the important role Social Security plays

National Urban League Dan Adcock Director of Government Relations and Policy National Committee to Preserve Social Security and Medicare

National Urban League Hilary Doe Vice President Programming and Operations The Roosevelt Institute

National Urban League Q & A ?

National Urban League On Behalf of the National Urban League Policy Institute THANK YOU FOR PARTICIPATING IN THE WEBINAR ! Download Why Social Security Matters to African Americans brochure at