A Tale of Two Americas

Today’s sobering statistic: Almost 20 percent of people ages 55 to 64 have no retirement savings. And even among those who have saved, millions are facing a retirement “deficit” – meaning they will outlive their retirement savings by $57,000 on average per household. Why does that matter to the rest of us? Because if millions of older adults haven’t saved enough to be self-sufficient in retirement, they will end up turning to government safety net services – a costly proposition …

New Retirement Savings Plan Is Win-Win for Workers, Businesses

Last week, I sat down with Adrienne Mitchell of MarketWatch to talk about what 57 million American workers lack: a way to save for retirement at work – leaving them with little opportunity to secure their financial future. Just think about this for a minute: For workers who do have access to a retirement savings plan in the workplace, such as a 401(k), this increases their savings rate by 1300%. And, no, that’s not a typo. So, how can we …

A Secure Retirement: American Dream or Pipe Dream?

I often hear from friends and family members that they’re afraid they don’t have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don’t have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up …

Pensions Are Promises. States Need to Keep Up Their End of the Deal

My Pop, a bus driver in Buffalo, worked until the mandatory retirement age of 70. He and my Mom lived on Social Security along with his modest pension. One Christmas, Pop couldn’t get into the spirit of the season. The next day, he confided that the next year health care premium increases would consume his entire pension check, and then some. I can only imagine how my parents’ lives would have been affected if Pop’s pension had been cut in …

Fighting for Family Caregivers

Mike is a 55-year-old Mississippian and a family caregiver for his lifelong friend Joe, who suffered a stroke.  Mike has found more emotional strength than he knew he had when the reality hit that caring for Joe is a 24-hour-a-day job. Nancy went from daughter to family caregiver, and after weeks of sleeping in her father’s hospital room, stress-filled months and sleepless nights, she learned to rely on her siblings, make a plan and step back into her life. Amy …

4 More Wins – For You

Over the last two years, AARP has saved consumers an estimated $3 billion on their utility bills, protected reliable phone service and fought for stronger consumer protections for all Americans – all as part of our multistate utilities campaign.  And, we’re not stopping there. 4 More Wins for Consumers: As recently highlighted in the New York Times, AARP South Carolina volunteers raised their voices in opposition to Duke Energy’s request for a rate increase that would have increased yearly bills …