budget

Why the Chained CPI is Wrong for Social Security

Posted on 04/11/2013 by | AARP Blog Author | Comments

PoliticsYesterday, the President included Social Security cuts in his budget through a proposal called the “chained CPI”. Let’s take a minute and break down exactly what that means: The chained CPI would modify the way the cost-of-living-adjustment (COLA) for Social Security is calculated, cutting benefits by $127 billion dollars over the next 10 years alone. That comes out to over $2000 in lost benefits for the average senior. Some have tried to defend this unprecedented inclusion of Social Security benefit …

Illinoisans Detest President Obama’s Chained CPI Budget Proposal

Posted on 04/5/2013 by | All the news that matters for Illinoisans over 50. | Comments

Politics | Your LifeIf Chained CPI is included in the President’s budget proposal, as is being reported today, President Obama is laying out a clear marker that he is willing to cut Social Security and other benefits to balance the budget, which breaks a promise he made when he was elected to office.  On September 6, 2008, Senator Barack Obama told AARP members: ”John McCain’s campaign has suggested that the best answer for the growing pressures on Social Security might be to cut cost of …

Survey Finds Auto Insurance Rates Higher for Low-Income Drivers

Posted on 06/18/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsYou may be a good driver but if you live in a moderate- or low-income neighborhood, you’re probably paying higher auto insurance rates than people who live in upscale parts of town, as much as $1,500 just for minimal liability coverage. Those are the disturbing findings of a new survey of four of the largest auto insurers in 15 cities. Between them, the companies hold half of all policies in the country. The Consumer Federation of America went to the websites …

Get Busy for Illinois Cares Rx!

Posted on 06/7/2012 by | All the news that matters for Illinoisans over 50. | Comments

Your LifeWe need to Save Illinois Cares Rx…and we can’t do it without you. This is Jenn reporting from the Illinois communications team. We need your help. Last week our staff, our volunteers, our members, and many of the 160,000 seniors and individuals with disabilities who are able to afford their prescription drugs only because of Illinois Cares Rx, were saddened by the news that this critical program has been entirely eliminated from the state budget. That’s right it’s gone. Starting …

The B Word, the Ultimate Holiday Buzz Killer

Posted on 12/13/2011 by | Volunteering | Comments

Money & Savings | Volunteering | Your LifeI hate the “B” word, no not blonde, since I hear those jokes all the time. BUDGET….it is just like nails running down a chalkboard for me to even think about, much less have to act upon.   However, at this time of year the man I sleep with always reminds me to stay within a budget. He usually brings up the subject every December  when I am in a slight panic that I have not finished my shopping. He …

Hey Cheapskates, What’s the Best Deal You’ve Scored?

Posted on 10/24/2011 by | The Ultimate Cheapskate | Comments

Money & SavingsIf you spend as much time hanging out with frugal folks as I do, you quickly realize a few things about them. First, they tend to be a pretty happy lot. I think that’s because they’re not all stressed out about money, like a lot of people these days. They usually live debt-free or close to it, and so they don’t have those worries like so many Americans.

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