Patt Morrison for Monday, March 14, 2011

PATT MORRISON SCHEDULE

Monday, March 14, 2011

1-3 p.m.

 

CALL-IN @ 866-893-5722, 866-893-KPCC; OR JOIN THE CONVERSATION ONLINE ON THE PATT MORRISON BLOG AT KPCC-DOT-ORG

 

 

1:06 – 1:39

OPEN

 

 

1:41 – 1:58:30

Why aren’t blacks & Hispanics invested in mutual funds & stocks?

The comparisons are stark in a survey conducted by the Washington Post and the Kaiser Family Foundation:  only one in four African Americans and one in six Hispanics reported owning stocks, bonds or mutual funds; half of whites say they invested in those financial products.  Just 46 percent of blacks and 32 percent of Hispanics said they had an individual retirement account or any similar retirement arrangement; two in three whites said they had IRA’s 401(k)s or similar holdings.  It doesn’t get any better for these two minority populations when you compare home ownership:  blacks and Hispanics are not only far less likely to own homes than whites, but when they do own homes they tend to have less equity in them.  This has been a trend of the past several decades, exacerbated by the recent recession that seemed to discourage minorities from investing in the stock market.  What can be done to encourage financial education and participation among minority Americans that need the help to gain ground?

 

Guests:

BOTH UNCONFIRMED:

Fernando Torres-Gil, professor of social welfare & public policy at UCLA and director of the Center for Policy Research on Aging

 

Bert Hash, chair of the African American Credit Union Coalition & CEO of the Municipal Employees Credit Union of Baltimore

 

 

 

2:06 – 2:30

State deficits not the fault of your pension plan?

While thousands protest the Republican-led Wisconsin senate’s vote to limit collective bargaining for public workers, an action said to be necessary in order to rein in spiraling pension costs to the state budget, other states around the country are targeting similar employee contracts with an eye to reducing retirement benefits. But are these pension plans really the cause of high budget deficits? Many experts say no; in fact, they say that not only are these obligations not the burden on public finances that critics claim, but most plans are sufficiently funded and are becoming stronger as the economy and stock market recover.

 

Guests:

TBD

 

 

 

2:30 – 2:58:30

OPEN

 

Jonathan Serviss
Senior Producer, Patt Morrison
Southern California Public Radio
NPR Affiliate for Los Angeles
89.3 KPCC-FM | 89.1 KUOR-FM | 90.3 KPCV-FM
626.583.5171, office
415.497.2131, mobile
jserviss@kpcc.org / jserviss@scpr.org
www.scpr.org