economic growth

Greater Saving Can Increase Retirement Security and Economic Growth

Posted on 06/24/2014 by |AARP Blog Author | Comments

Public Policy Institute  Increased saving can be an important driver of future economic growth and rising living standards. That is the conclusion of a new report by Oxford Economics — Another Penny Saved: The Economic Benefits of Higher US Household Saving — sponsored by AARP and 10 other organizations. The U.S. personal saving rate has been declining for more than 30 years. And the report’s authors project the rate will drop further — from around 4 percent today to about 3 percent …

Steady Jobs Growth Eludes Older Workers

Posted on 02/1/2013 by |Money and Work | Comments

Bulletin Today | WorkOlder job seekers may feel like they’re scaling Mount Everest in pursuit of work. Employers added 157,000 jobs to their payrolls in January but the unemployment rate for older workers climbed just one-tenth of 1 percent to 6 percent, the government reported Friday. For men 55 and older, the jobless rate remained at 6.2 percent for the second straight month. But to illustrate the challenges they face in landing a job, consider their unemployment rate one year ago — it was …