As Social Security marks its 89th anniversary, the program's future remains a crucial topic of discussion.

Jennifer Carlson, state director for AARP Ohio, led a community conversation to commemorate the event, focusing on the challenges facing Social Security and the importance of protecting it for millions of Americans. She said the program remains vital for older Americans.

"Ninety-four percent of Ohio's voters age 50 and older are more likely to vote for a candidate who will work to protect Social Security," Carlson reported. "From our viewpoint, if you pay into it and earn through a lifetime of hard work, you should count on it."

During the event, Carlson emphasized the financial challenges facing Social Security, particularly the risk of a 20% benefit cut if Congress does not act. Panelists discussed potential solutions, such as eliminating the payroll tax cap and improving the cost-of-living adjustment formula to ensure the program's long-term solvency.

Carlson argued it is important for the community to stay involved in securing Social Security's future and AARP is committed to helping older Americans navigate their options.

Max Richtmam, president and CEO of the National Committee to Preserve Social Security and Medicare, sought to dispel common myths surrounding Social Security. Richtman addressed one of the most common misconceptions, which suggests Social Security is broke.

"That is untrue, totally false," Richtman stressed. "When people hear that, they think, 'Well, I may as well not support the program because it's going to be broke.' But that's simply not the case."

Richtman explained while the surplus in Social Security's trust fund is being drawn down, it will never be completely depleted unless the country faces 100% unemployment. He also rebutted claims that undocumented workers are draining the system. He pointed out they also contribute to Social Security, but will never collect benefits if they lack a valid Social Security number.

Romina Boccia, director of federal budget and entitlement policy at the Cato Institute, addressed the economic implications of potential solutions and warned raising payroll taxes to avoid benefit cuts could impose a burden on younger workers.

"A U.S. worker earning about $60,000 a year would end up paying more than $10,000 in taxes for to keep the program funded as it is currently," Boccia outlined. "That would be a more than $3,000 tax increase for someone making a fairly modest income."

The event concluded with a clear message: Social Security remains a cornerstone of financial security for millions but its future depends on informed public discourse and responsible political action. A future event is planned in Sioux Falls, South Dakota.

August is National Black Business Month, and an emerging program in the Milwaukee area is seen as a game-changer in elevating minority-owned businesses trying to get off the ground. This year, several partners launched MKE BOSS - which stands for Build, Operate, Scale and Sustain. The digital platform links entrepreneurs of color with a range of resources, including lending and technical assistance.

Pam Bell, city executive with Self-Help Federal Credit Union, said for a lot of Black and brown business owners, it can be hard for them to navigate the financial services sector.

"Whatever that business is, whether it's food service and you're skilled in that trade, 'But how do I scale this?' - breaking down how much it costs to create a product and, 'How much do I need to put back into my business so that it's profitable?' and all of that," she explained.

The program's partners, including Self-Help, want to help these business owners shape their vision and establish more generational wealth in underserved areas. While this initiative is Milwaukee-centric, organizers hope to create a standard that serves as an inspiration for towns and cities elsewhere. Various rankings describe Wisconsin as one of the worst states for racial disparities.

Wendy Baumann, president of Wisconsin Women's Business Initiative Corporation, another partner, said beyond their assistance, government agencies can step it up by turning to minority-owned business for service contracts.

"County, state, local governments, and all the things that they purchase. Money talks, [and these agencies need to do] direct purchasing from these businesses," she said.

According to the Small Business Administration, 99% of U.S. companies are small businesses - defined as those with 500 employees or fewer. Baumann said that's an important statistic to remember when looking at ways to create a more level playing field within the nation's economy. The BOSS program is funded by a grant from J.P. Morgan Chase.

CLARIFICATION: While worker-owned cooperatives are seen as one of many solutions to the expected wave of small-business owners retiring, organizers with the May Day Cafe initiative note that aging ownership is not related to their transition. (10:00 a.m. CST, August 14th, 2024)

As small-business owners decide to retire or move on, some are helping to fuel the trend of worker-owned cooperatives in Minnesota and elsewhere.

These operations are described as businesses owned equally and self-managed by participating employees. A 2021 report found a 30% increase in worker-owned cooperatives in the United States, with nearly a dozen in the Minneapolis/St. Paul area.

When staffers at the May Day Cafe in South Minneapolis heard of it being put up for sale, barista Mira Klein said they were energized to launch an effort to buy it themselves and keep this community fixture open.

"It felt really important that the cafe stay in community hands," she said, "and continue existing as a place that people could gather, that they could eat together, access affordable food."

Klein said she's interested in how this affects workers by having a greater say in decision-making. With the help of a new crowdfunding campaign, the workers hope to close on the sale later this year. The same report tracking this movement also touches on some of the challenges these cooperatives run into, and providing health insurance topped the list.

According to the group Project Equity, 49% of businesses across Minnesota are owned by people age 55 and older. As the "silver tsunami" plays out, Klein, who stresses that aging ownership is not a factor in May Day Cafe's planned sale, said they want the chance to demonstrate that this approach can be a viable response to broader transitions in the small-business landscape.

"Showing that a worker cooperative model can be successful in a place like May Day, that could potentially have some pretty far reach," she said, "and that's something that we're really excited about."

The Project Equity report said nationally, one in three business owners age 50 and older are having a hard time finding a buyer. The authors say handing the keys over to willing staff members can lead to increased longevity of the business, better pay for workers, and increased local spending in the community.


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By John Hilber / Broadcast version by Farah Siddiqi reporting for the Kent State NewsLab-Ohio News Connection Collaboration.

In the first two days after sports betting was legalized, Ohio saw over 11.3 million bets placed - nearly one for every Ohio resident, according to the Cincinnati Bar Association.

Within a year, Ohioans had bet $7.65 billion on sports.

Sports betting became legal in Ohio effective Jan. 1, 2023. Since then, sports betting has driven a significant increase in state tax revenue and sports viewership - along with reports of problem gambling, experts say.

"The number one driver [of legalizing sports gambling] is a tax revenue opportunity," said Stephen Shapiro, a professor in the Department of Sport and Entertainment Management at the University of South Carolina. "In states where it is not legal, it's illegal gambling, and the state is seeing no benefit from that. So that's revenue that did not exist before, and it could be used for a variety of benefits for the state."

In 2023, Ohio collected more than $936 million in tax revenue from sports betting. Gamblers have to pay a 10% tax on all winnings. According to the Ohio Department of Taxation, the state uses the taxes to fund different Gross Casino Revenue Funds and efforts to help with gambling problems.

Apps like FanDuel and DraftKings facilitate many sports bets in the 38 states that have legalized it. By using apps, gamblers aren't limited to traditional bets on the margin of victory or bets on who wins or loses outright - they have many options per sporting event, like multi-stage parlays, event-based bets and individual performance bets.

"Traditionally, someone could have bet on this game, and they watch the game in its entirety, and they win or lose based on the outcome and the score - it's one bet," Shapiro said. "Now, in this particular game, the Packers get the ball, and they drive down the field and score a touchdown, and there were 20 opportunities to bet during that one drive."

Gambling means more people watching sports, experts say

Now legal in most of the United States, sports betting has shown some benefits for professional sports leagues.

"People are definitely watching sports that they have not watched before due to gambling - there is no question about it," Shapiro said. "It leads to more consumption and consumption of sports that you're not typically watching."

That may be because gambling can heighten viewers' excitement.

"Gambling, for the most part, provides people with the opportunity to get excited because of the possibility of winning," said James Whelan, a research professor in the Department of Psychology at the University of Memphis. "There are social reasons to gamble, but in the end, the idea of doing something risky is getting rewarded by winning money,"

Ted Baugh, the vice president of Corporate Partnerships and Premium Hospitality for the Cleveland Guardians, said Major League Baseball is trying to help everyone associated with the sport navigate legal gambling, including players and fans alike.

"It is constant education," he said. "It is constant reminding that it is legal, but don't be stupid. It is more about what is good for the fan and what is legal."

As gambling expands, so does problem gambling

According to Ohio for Responsible Gambling, the Problem Gambling Helpline in Ohio received 10,637 calls in 2023 compared to 6,835 in 2022.

"Everybody with a gambling problem comes at it a little differently," Whelan said. "For many of these people, there are other things going on in their life that also feed into why they may become overly involved in gambling, even though gambling is harmful to them."

Whelan encourages gamblers to monitor themselves by asking, in part: "When am I in harm's way? When am I getting hurt by this, and I need to back off?"

Whelan said the majority of people who want to control their gambling can benefit from cognitive-behavioral intervention treatments. Cognitive-behavioral therapy aims to change a patient's behavior by changing how the patient thinks about the actions.

"Have a good time, enjoy yourself, set limits and stick with them," Whelan said.


This collaboration is produced in association with Media in the Public Interest and funded in part by the George Gund Foundation.


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