The $92,378 Question: How High Can the Cost of Long-Term Services and Supports Go?

Alvin and Sharon lived in Chicago and were frugal people who worked hard all their lives. This fiscal dedication allowed them to live on their two monthly Social Security checks, his modest pension and some modest investments. Alvin and Sharon were able to pay their bills and enjoy simple luxuries — that is, until the out-of-pocket expenses of long-term care for Alvin began to drain what they worked a lifetime to save. In the process of searching for services and supports, …

Could Someone Hack Your Car?

My parents taught me to drive safely. Back then that meant wearing my seat belt, paying attention to the road and obeying the posted speed limits. Today things are different. Staying safe while driving also includes protecting your car against hackers. It was headline news last year when a pair of security researchers “playing bad guys” successfully used the Internet to disable a car as it traveled on the highway. The ensuing media coverage proved alarming enough to result in …

Why Millennials Care About Long-Term Care

Recently I’ve heard several stories of families having to deplete their entire life savings just to qualify for Medicaid. Hitting much closer to home are my experiences of watching my mother take on the role of caregiver for my grandfather. These stories and experiences have forced me to confront my own indifference, as a millennial, about long-term care — an issue seemingly a long time away from playing a role in my life. According to a study conducted by Genworth …

Eldercare Primarily Concerns Older Workers and Their Employers, Right? Think Again

For employers big and small, the need to support workers who also provide unpaid care for a family member is a growing reality. Most family caregivers today — or an estimated 23.9 million workers — work at a paying job on top of their caregiving responsibilities. Yet today, care for a relative with a serious illness or disability takes place in a very different world from that of our grandparents’ generation.  To start, the role of family caregivers has greatly …

Don’t Hate the Player, Hate the Game: Drug Pricing in America

Turing Pharmaceuticals recently faced intense public criticism after the company bought a 62-year-old drug and increased its price by 5,000 percent. Turing’s unusually outspoken chief executive officer, Martin Shkreli, strongly defended the decision, even going so far as to argue that the new price was still below market value. Shkreli’s brazenly unapologetic attitude — along with some eyebrow-raising behavior on social media — quickly earned him the title of “most-hated man in the United States.” A few months later, his …

Explore AARP’s Social Security Storybook and See How Social Security Helps Millions of Americans

Millions of Americans count on Social Security for most of their income. AARP DataExplorer’s new storybook on Social Security shows, using graphics and animation, just how important Social Security is to all Americans. Social Security provides lifelong protection starting in the cradle. Over 3 million children whose parents are deceased, disabled or retired receive Social Security. Fourteen million adults ages 18 to 64, many of whom became disabled on the job or have other serious health problems, depend on Social …