When Utility Companies Want to Raise Your Rates …

Meet Shirlee C. of South Minneapolis. As a senior on a fixed income, she takes a financial hit every time her utility rate increases. She can’t afford for her bill to keep going up, but her utility company, Xcel Energy, is asking for another $123 a year by 2016. If approved, this would be the seventh rate increase for Minnesotans in just 10 years! Shirlee, and all Americans, should have to pay only what is reasonable for reliable service — and …

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 …

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 …

A Secure Retirement: American Dream or Pipe Dream?

I often hear from friends and family members that they’re afraid they don’t have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don’t have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up …

Family Caregivers at Work

Through the years, I’ve had to take time off from work to care for my mom and pop. And I’ve always been grateful that I worked for an employer that allowed me to take sick leave or to telework in order to be there for my parents. But I know I’m one of the lucky ones. Today, millions of American workers have no paid or unpaid sick leave. Each day they face loss of pay – or loss of their jobs …

Supporting Seniors, Family Caregivers: Where Does Your State Rank?

My sister always says, “If you fail to plan, you plan to fail.”  I was reminded of this adage when I heard Loren Colman, Minnesota assistant commissioner of continuing care, explain how Minnesota is consistently ranked at the top of the nation when it comes to providing support for seniors and their family caregivers. “We planned,” he said.  Indeed, Minnesota developed a plan decades ago to transform the way the state would deliver long-term care services to older residents in their …