older Americans

Lawmakers Urged to Act Soon to Shore Up Social Security

Posted on 07/28/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsThe financial outlook for Social Security remains largely unchanged from last year, with the combined trust funds that pay benefits to retirees and workers with disabilities expected to exhaust reserves in 2033, according to a government report released today. After that date, money coming into the system would be enough to cover 77 percent of benefit obligations, according to the Social Security trustees report. At a news conference on Monday afternoon, Treasury Secretary Jack J. Lew said Social Security and Medicare are …

Make Your Voice Heard on AARP Policy Positions

Posted on 07/17/2014 by |Public Policy | Comments

Public Policy InstituteEvery day, thousands of AARP staff and volunteers bring AARP public policies to life when they fight on behalf of older Americans and their families in all state capitals and Washington, D.C. Yet those vital efforts would not be possible without input from people just like you. AARP policies are set by our all-volunteer Board of Directors, but only after an annual process that begins with listening to the insights and experience of individuals who are 50-plus. As a first …

Older Americans Face Increasing Risk of Hunger

Posted on 05/22/2014 by |News, Culture, Sights and Sounds | Comments

Bulletin TodayMore than 15 percent of Americans over age 60 — some 9.3 million men and women — experienced the threat of hunger in 2012, according to a report just released by the National Foundation to End Senior Hunger. From the start of the recession in 2007 to 2012, the number of older people threatened by hunger has jumped 49 percent. The report, based on statistics from the 2012 Current Population Survey conducted by the U.S. Census Bureau, says the following groups of older Americans …

$2 Billion Tab for Medicare’s Overused Services

Posted on 05/19/2014 by |AARP Blog Author | Comments

Bulletin Today | Personal HealthMedical services that provide little or no health benefit to older Americans cost Medicare at least $1.9 billion a year, according to a landmark new study. Researchers at Harvard University’s department of health care policy found that at least 25 percent of the more than 1.3 million Medicare beneficiaries had one or more of 26 tests and procedures that have been shown to provide scant medical value. The study is thought to be the first to measure wasteful spending by …

Inside a Con Artist’s Mind

Posted on 05/13/2014 by |AARP Blog Author | Comments

Money & SavingsGreg Marchildon, AARP Vermont state director Did you know that every three seconds someone’s identity is stolen? Con artists have been around since the dawn of time, but the problem is worse today that ever, and older Americans are in the crosshairs of these criminals. Last year alone, 12.6 million citizens were victims of identity theft! How can you protect yourself from identity theft and fraud? What are some of the ways these scammers get you to take the bait — …

Is Rising Mortgage Debt Threatening Retirements?

Posted on 05/8/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsOlder Americans are carrying more mortgage debt and have accumulated less home equity than their peers a decade earlier, according to a report by the Consumer Financial Protection Bureau. The median mortgage debt for those age 65 and older rose 82 percent to $79,000 from 2001 to 2011, according to the agency. And though delinquencies and foreclosures have decreased since 2012, they had increased fivefold between 2007 and 2011 among older homeowners, the CFPB reports. “A home can be a place of …