Social Security

Older Voters Will Determine Who Wins in 2014 and 2016

Posted on 02/3/2014 by | AARP Executive Vice President | Comments

PoliticsVoters age 50-plus decide elections. They turn out to the polls at a much higher rate than voters of any other age group, particularly for non-presidential years. And, at this point, they’re up for grabs. Neither party today has a clear advantage. One reason: Older voters are shifting back to the center, with a mere 1-point advantage separating Republicans from Democrats, according to an Economist/YouGov poll. Another reason: Boomers. Yes, the last of the generation born between 1946 and 1964 …

AARP Will Work With President, Congress for Secure Future

Posted on 01/29/2014 by | AARP CEO | Comments

PoliticsThe president’s speech tonight addressed issues AARP has been working on since long before President Lyndon Johnson’s war on poverty began over 50 years ago. Social Security and Medicare have helped make a difference by protecting the middle class and keeping millions out of poverty, but many families and Americans of all ages continue to struggle. As we look toward this season of new budget proposals, we also urge the president and Congress to fight for responsible solutions to strengthen …

President Pushes for New Pension Savings, Job Programs

Posted on 01/29/2014 by | Washington Watch | Comments

Bulletin Today | PoliticsIn his State of the Union address on Jan. 28, President Barack Obama proposed a new retirement savings plan, called for more efforts to create jobs and outlined other measures that could benefit older Americans. Acknowledging that Social Security often isn’t sufficient and that many workers don’t have pensions, Obama described plans for a new type of IRA, called MyRA, to be created by the Treasury Department. “It’s a new savings bond that encourages folks to build a nest egg,” …

The Congressman Who Broke All the Rules

Posted on 12/30/2013 by | Who's News | Comments

LegacyThese days we’re rarely shocked when we learn that a politician has enjoyed lavish benefits at public expense or found some way to exploit public office for personal gain. That makes all the more remarkable the story of former U.S. Rep. Andrew “Andy” Jacobs Jr. (D-Ind.), who during his three decades in Congress declined to accept the monthly disability payments to which he was entitled for his injuries in combat as a Marine during the Korean War. “He didn’t think …

Budget Deficit Talks Finally Exclude Benefit Programs

Posted on 12/26/2013 by | AARP Media Relations Team | Comments

PoliticsLast week as the Senate worked to pass a bipartisan budget framework that doesn’t cut Social Security or Medicare benefits, a hearing without the same fanfare took place just steps away. In a high-ceiling, wood-paneled committee room, U.S. Senator Sherrod Brown (D-OH) chaired a hearing that might prove the more historical moment of the week. With plenty of empty chairs and a parade of bipartisan senators throughout the two hours the hearing lasted, an expert, ideologically-diverse panel that included AARP President Rob Romasco, spoke without even …

Minority Report: The Gap in Retirement Savings

Posted on 12/10/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsAfter a lifetime of working, millions of Americans, and minority workers in particular, face the prospect of a difficult retirement because they have no access to a 401(k) savings plan. Worse yet, among workers ages 25 to 64, a majority of black and Latino workers (62 percent and 69 percent, respectively) and more than one-third of whites (37 percent) have no retirement savings, according to a study by the nonprofit National Institute on Retirement Security. The report was based on …