Obama Proposes Middle-Class Tax Breaks

In his penultimate State of the Union address, President Barack Obama on Tuesday night announced wide-ranging proposals he said would improve the economic prospects of the middle class, including helping families pay for college and child care, while giving more workers access to retirement plans. To help pay for these expanded benefits, the president also wants to increase the taxes paid on inherited assets of higher-income households. Many agree that it’s a long shot the president will get his wish list — …

Job Gains for the 55-Plus: Not Too Shabby

Employers capped a year of solid hiring by adding 252,000 jobs to the economy in December — and older workers welcomed those gains. The national unemployment rate for people 55-plus dipped by 0.6 percent to 3.9 percent last month, a bigger monthly decline than the rate for workers overall, according to the Bureau of Labor Statistics. Better still, workers 55 and older saw their jobless rate fall over the past year from 5.1 percent in December 2013. Older women seemed …

Two and a Half Inflation Myths

Inflation lately has been pretty tame. Still, the possibility that it could raise its ugly head again, eating away at our spending power and standard of living, is always in the back of our minds. That’s why it’s important to understand inflation to better protect ourselves from its potential impact. Knowing these myths about inflation is a good place to start. Myth one: Inflation is easy to predict. The U.S. Bureau of Labor Statistics (BLS) measures inflation and reports consumer …

What Civil Rights Trailblazers Taught About Leadership

The second in a series celebrating the 50th anniversary of the 1964 Civil Rights Act. When introduced to Nelson Mandela in 1994, former AARP CEO A. Barry Rand first noticed the “quiet dignity” that the revered former South Africa president exuded. In a statement upon Mandela’s death, Rand also described the beloved Madiba’s “strong conviction, inspiring confidence, the wisdom of his years and experiences, and a strong moral character.” Rand concluded, “He was a man of purpose at peace with who …

Why Civil Rights Vets Keep Pressing On

The first in a series celebrating the 50th anniversary of the 1964 Civil Rights Act. The civil rights struggles of the 1940s, ’50s and ’60s were largely led by youth and college students, many who were members of the Student Nonviolent Coordinating Committee or the NAACP Student Council. Now in their 70s, 80s and even 90s, some view their civil rights mission as a life’s work with no retirement in the plan. “I still have an interest in my people, …

Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …