income

Free Advice for Job Seekers

Posted on 11/26/2013 by | Money and Work | Comments

Bulletin Today | WorkA big job placement firm is offering job seekers, and workers who want to transition into another position, free call-in advice in December. >> Sign up for the AARP Health Newsletter John Challenger, CEO at Challenger, Gray & Christmas, says job counselors will offer strategies to help people become more effective in their search. It’s happening on Dec. 26 and 27, from 9 a.m. to 5 p.m. Central time (phone number 312-422-5010). More information about the annual call-in is available at …

Learn More + Earn More = Live Longer?

Posted on 11/21/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsHow long you live has a lot to do with income and education. That’s the message from experts who testified on Nov. 20 at a U.S. Senate hearing on “Dying Young: Why Your Social and Economic Status May Be a Death Sentence in America.” >> Sign up for the AARP Money newsletter. As Steven Woolf, M.D., the director of the Center on Society and Health at Virginia Commonwealth University, put it, “the lower people’s income, the earlier they die and …

Pensions Under Attack, AARP Fights Back

Posted on 10/30/2013 by | AARP Blog Author | Comments

PoliticsThe financial security of many older Americans could be at risk under a proposed law that was the focus of a hearing this week on Capitol Hill. Under the proposed plan, millions of retirees could see cuts to the benefits they’ve earned through a lifetime of hard work. At issue is a proposal by multi-employer pension plans (plans in which many employers contribute to a common fund to cover their mobile workforce) devised to save the plans from insolvency.  That …

Social Security’s 78th Anniversary: Then and Now

Posted on 08/20/2013 by | AARP Blog Author | Comments

Public Policy InstituteTo help celebrate Social Security’s 78th anniversary, here is a comparison of how the country — and Social Security — have changed since 1940, when Ida May Fuller received Social Security’s first monthly benefit. Since 1940, the number of Americans age 65 and over has quadrupled, more than doubling as a percentage of the population. Sources: http://www.census.gov/prod/www/decennial.html and http://www.census.gov/population/age/data/2011.html   The number of individuals receiving a Social Security benefit, since benefit checks were first issued in 1940, has increased over …

A Look at Social Security’s History – Celebrating Social Security’s 78th Anniversary!

Posted on 08/20/2013 by | AARP Blog Author | Comments

Public Policy InstituteLast week marked the 78th anniversary of the passing of the Social Security Act. To commemorate, this blog post looks back to see how Social Security has changed over the years. Below, you will find a timeline highlighting famous firsts, important legislation and the growth of one of America’s most popular programs. 1935: On Aug. 14, the Social Security Act (H.R. 7260, Public Law No. 271, 74th Congress) became law with President Franklin D. Roosevelt’s signature at approximately 3:30 p.m. …

Saving for Retirement — What’s a Woman to Do?

Posted on 08/14/2013 by | Money and Work | Comments

Bulletin Today | WorkIf we women don’t boost our retirement savings now, we may not be able to meet our daily financial needs when we leave the workplace for good, a new report says. Not only do we contribute less than men to our 401(k) accounts — 6.9 percent of pay, on average, compared with 7.6 percent for men — but we’re also more likely to default on loans we’ve taken from these plans. Fully 71 percent of women who left their jobs …