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 …

5 Tips for Family Caregivers

I spent last weekend with eight of my college roommates for our annual get-together. Through the years we’ve always shared our life events, so it came as no surprise that our conversation turned to the topic of family caregiving. Like millions of fiftysomething women in the U.S. today, my former roomies are struggling to navigate the health care system on behalf of their parents – who now turn to them for help. “Information is power,” I told them. “So let …

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 …

States Start Shifting Focus to Help Seniors Live Independently, at Home

“We need to ‘spring’ your mother,” Pop, who loved prison movies, told me over the phone while asking me to come home that weekend. Mom had been in a rehabilitation center for two weeks following a bad fall and a hospital stay. Both she and Pop were ready for her to go home. My mom and pop, like most Americans, wanted to stay in their home and community as they aged. Pop became the primary family caregiver for Mom, and …

Work and Save: From Sea to Shining Sea

The problem with living in Washington, D.C., too long is that you start to forget all the exciting action happening outside this politics-crazed town. The truth is, the real action is taking place in state capitols around the country. Today I want to take a moment to highlight some of the victories and innovative solutions happening from Hartford to Olympia to help people save for the future and live independently as they age. I’m lucky enough to have worked for …

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 …