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National Urban League

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

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

  3. 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, 1st 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

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

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

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

  7. National Urban League Brandi Richard President National Urban League Young Professionals

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

  9. Demographics of Survey Respondents • Predominantly female (71.2%) • Highly educated -- 91.7% have bachelor’s degree or higher • Most are age 26-35 (67.8%) – middle of YP age cohort of 21-45 • Most are single/never married (80%)

  10. Perceptions About the Strength of Social Security

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

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

  13. Policy Attitudes – Extend Payroll Tax Holiday?

  14. Policy Attitudes – Proposals to Extend Solvency

  15. Policy Attitudes – National Economic Priorities

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

  17. Do you have a private disability or life insurance policy?

  18. Participation in Retirement Savings Plans

  19. Eligibility for Employer Matching

  20. Income & Wealth

  21. Assets

  22. Debt

  23. Access to Financial Planning Services

  24. 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

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

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