Showing posts with label retirement. Show all posts
Showing posts with label retirement. Show all posts

Thursday, February 10, 2011

CEO Comments On New Economic Realities for Nation's Seniors

On Friday, Jan. 14, a letter to the editor from CEO Teresa Barry was published in The Repository, the daily paper in Canton. We're posting it here because of the importance and relevance of the topic.
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Seniors will need all the help they can get in coming years

Recent figures released by the U.S. Census Bureau reveal a shocking economic reality for seniors in our country.

A new formula that takes into account out-of-pocket medical expenses indicates that one in six people age 65 and older—16 percent—are living in poverty. Even Social Security, Medicare and Medicaid benefits can’t offset the devastating financial impact being felt by older Americans.

This is a major issue that is only going to become more serious in the years ahead. Record numbers of people are about to enter their retirement years as the Baby Boomer generation ages. The strain on entitlement programs and our health care system, already great, will continue to snowball.

We must not look away while our parents and grandparents struggle with the new economic realities. There are many resources available to assist older Americans, particularly those who are disabled or homebound.

As a community, we need to be aware of the issues facing our seniors, and ready to lend a hand wherever possible. We should also raise these issues with our state and federal representatives, to insist that they provide the means for older Americans to continue to live with dignity.

TERESA L. BARRY, MASSILLON
CEO, MEALS ON WHEELS
OF STARK & WAYNE COUNTIES

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The letter stirred interest in media circles; following its publication, Terri was invited on the "Golden Opportunities" television program in Cleveland to talk about the issues it addressed with host Armand Budish, who is also the minority leader in the Ohio House of Representatives.

Thursday, October 14, 2010

Here's the WKYC-TV Story Featuring CEO Teresa Barry

WKYC-TV in Cleveland aired the report Wednesday night on the impact retiring baby boomers will have on government programs, social services and health care over the next 20 to 25 years.

Eric Mansfield spoke to CEO Teresa Barry, who is featured in the report. He also interviewed Dr. Harvey Sterns, psychology professor and director of the Institute for Life-Span Development and Gerontology at the University of Akron, who has been tracking trends with the baby boomer generation.

"Just feeding those new seniors who got hurt by the economy is a real challenge not going away," Mansfield said.

Click below to view the report. You can also access it at wkyc.com.