Associated Press: Senate Democrats ponders adding retirees to rebate plan, extending jobless benefits
But it would leave out about 20 million senior citizens living chiefly on Social Security. They wouldn’t get rebate checks unless they have at least $3,000 earned income or pay income taxes based on other sources such as earnings, interest, investments or private pension plans.
“Less than half of all Americans 65 and older would get it,” said AARP spokesman Jim Dau.
Chicago Tribune: Seniors tapping homes for cash
Bronwyn Belling, project manager of the AARP Foundation’s Reverse Mortgage Education Project, worries that people are tapping the equity in their homes before they really need to.
“The money they borrow now, that money won’t be available later,” Belling said.
Associated Press: AARP Hands Out ‘Movies For Grownups’ Awards
So said AARP magazine, which announced “The Savages” will be receiving its top award at its seventh annual Movies for Grownups Awards on Feb. 4 at the Hotel Bel-Air in Los Angeles.
Washington Post: No Country for Old People?
It’s a tough time for seniors these days, and getting tougher as the economy slumps. How can we enrich Americans’ later years?