While African American workers finally saw a drop in the unemployment rate last month, many still have a reason to be concerned about their economic future -- including the possibility of retiring in poverty after a lifetime of work.
In an op-ed last week, SEIU Executive Vice President Gerry Hudson wrote about the racial and economic imperative of finding retirement security for all. You can read the beginning below, and read the rest at The Huffington Post.
Recent reports show that African-American workers finally saw a significant drop in the unemployment rate last month from 15.8 percent in December to 13.6 percent in January. For African American men, the jobless rate fell from 17.1 percent to 13.6 percent and from 14.6 to 13.6 percent for African-American women, according to the UC Berkeley Labor Center.
While this is great news, I wonder about how it will impact older African-American baby boomers like 68-year-old Lorna Livingston.
While the nation continues to inch its way out of our distressing economic crisis, Lorna still has good reason to be concerned about her future. Our looming retirement security crisis, disproportionally affects African Americans, an alarming number of whom are retiring in poverty after a lifetime of work.
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