Banks Advised on Ways to Protect Older Customers

En español | The statistics are grim and are predicted to only get worse as the boomer generation ages. Nearly 1 in 5 Americans over 65 say they have been a victim of financial exploitation, according to a poll released this week by the nonprofit Investor Protection Trust. And estimates of the total losses each year suffered by these older consumers range from $2.9 billion to nearly $36.5 billion. To combat this, the Consumer Financial Protection Bureau issued an advisory …

We Hear You … and We Hope It Shows

How good does it feel to know you’ve been heard? How rare is that feeling? Gaining someone’s full attention, especially lately with electronic dialogue constantly competing for brain space, is all the more precious for being so scarce. What a shame. Being heard is really the point where conversation starts, and where the search for understanding and solutions begins. Listening to the people AARP serves has always been among our highest priorities: we are committed to hearing what you say …

Voters Deserve Answers on Social Security

En español |  I will never forget attending my first political debate. It was in Philadelphia, way back in the 1980s, and the two major candidates for vice president were squaring off. I was a college Republican attending Penn State University and was lucky to get a seat. While I don’t remember much of what was said, I recall it was a real exchange of ideas. Yes, there were personal attacks and some personal questions. But the moderators pushed the …

Double Whammy: A Scam That Targets Victims of Scams

It’s bad enough being scammed out of your money once. But some older consumers are being conned a second time by so-called asset recovery companies promising to help recover the money lost in the initial fraud, the Consumer Financial Protection Bureau (CFPB) warns. The companies charge hundreds or thousands of dollars up front but offer services that victims could do on their own for free, the agency says. Ways to save, expert investment advice, scam alerts and more! — AARP …

How Has the Affordable Care Act Affected Americans Ages 50-64?

En español | As we approach the end of the Affordable Care Act (ACA)’s third health insurance open enrollment period, it’s a good time to look at how the ACA has affected older Americans. The ACA aims to make health insurance more accessible and affordable for all Americans. Before the ACA, out-of-pocket costs were rising and health insurance access declining among adults ages 50-64, an age group not yet eligible for Medicare. To assess the ACA’s impact on those ages …

SNAP and Seniors: A Health and Economic Issue

There is a renewed national debate over anti-poverty programs, including the Supplemental Nutrition Assistance Program (SNAP) that millions of low-income Americans rely on. The House Agriculture Committee is currently leading an extensive review of SNAP. Recently, AARP President-Elect Eric Schneidewind testified before the Committee on SNAP’s importance to seniors and how it plays a key role in reducing health care costs. Click here to watch the video. SNAP, formerly known as food stamps, provides a nutrition safety net for seniors. …