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Following the Great Recession, which has hit seniors of color especially hard, an estimated 90 percent of Latino senior households lack the retirement funds needed to sustain them for the remainder of their lives. About one in four Latino families nationwide have savings in a retirement fund, compared to about two-thirds of white families, and 60 percent Asian and 40 percent Black families. A 2013 study of New York City seniors found that the median income among immigrant seniors was just $9,900, about half the median income of the native-born, and about a quarter of immigrant seniors lived in poverty, compared to 15 percent of the native-born.
While the economy relies heavily on the exploitation of immigrant labor, the welfare state systematically excludes immigrants past their prime working years. Social Security and Medicare are generally off limits if they are undocumented. Even green card holders face a five-year "waiting period" to qualify for programs like Medicaid and food stamps -- one of many arbitrary strictures based on the stereotype that migrants are benefits spongers.
http://www.truth-out.org/news/item/37723-how-to-respect-your-elders-supporting-an-aging-migrant-generation _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
