Greater Saving Can Increase Retirement Security and Economic Growth

  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 …

Obama, Ryan Talk About Medicare, Social Security, Political Gridlock at AARP Life@50+

President Obama and Republican vice presidential nominee Paul Ryan went before 5,000 AARP members in New Orleans on Friday to make their respective cases and take questions, with each promising to do a better job of protecting Medicare, Social Security and other programs for older Americans. See also: Obama, Ryan videos and transcripts In the most direct faceoff the two campaigns have had this season on retirement-related issues, both Obama (appearing by satellite) and Ryan (who joined the AARP Life@50+ event …

How will boomers’ economic anxiety affect their vote?

It’s August. Your thermostat has likely cracked 100 degrees. But hopefully, you’re on vacation with your families or watching the Olympics (Go USA!!) in a cool place with a cold beverage in hand. And I bet that if you live in a battleground state, there’s something else you want a vacation from: the endless parade of political ads between now and November 6th. Most candidates seem too busy beating up one another to tell us where they really stand on …

Let’s Lose the (Mommy) Wars and Focus on a More Important Battle

Boomer women who lived through the “mommy wars” a couple of decades ago were probably surprised to see that old conflict resurface on the campaign trail this week. The good news is that the skirmish was short-lived, and there seems to be bipartisan agreement that being a mom is … duh … hard work. The dust-up started Wednesday night when Democratic strategist Hilary Rosen, speaking on CNN, criticized Mitt Romney for taking advice from his wife on women’s job security and other …

Economic woes in Europe threaten your retirement savings

How does that work? Cause we all know we have enough problems at home, so how does the economy abroad affect your savings? John Burgess explains: For Americans, all this is more than a distant spectator event. Wall Street sell-offs driven by Europe’s troubles have already shaved the value of millions of American portfolios. Interest rates have been driven down, bad news for people who rely on bond and CD income. And if Europe begins an extended economic slowdown, U.S. …

Hope is on the Horizon for Struggling Older Workers

While older workers are suffering overwhelmingly from the economy, it looks like things may be getting better in the future. Elizabeth Pope reports: By 2018, boomer retirements and smaller pools of younger adults could result in at least 5 million job vacancies, according to the study for the MetLife Foundation, the charitable arm of the insurance and financial services giant, and Civic Ventures, a San Francisco think tank. The fields of education, health care, government and nonprofit work will account …