Social Security

Can Congress Get a Budget Deal Done?

Posted on 11/15/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsCongress doesn’t get much done on the budget without a deadline hanging over it, and this time it’s staring at a deadline — or at least a first deadline — of Dec. 13. That’s the date by which lawmakers on a bipartisan conference committee — led by Patty Murray (D-Wash.), who chairs the Senate Budget Committee, and Paul Ryan (R-Wis.), her House counterpart — are supposed to come up with a budget deal. Without a deal, the government runs out …

Young Adults More Interested In Saving Than Older Folks

Posted on 11/7/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsYou might think that middle-age Americans closing in on retirement would be more interested in saving money than younger folks. A survey finds that’s not the case. The nonprofit America Saves campaign measured the perceptions and attitudes of 1,000 adults with questions like: Are you interested in saving? Do you think you’re making an effort to save? Is that effort effective? >> Sign up for the AARP Money newsletter The poll found that those ages 18 to 35 had the greatest …

AARP: Reject Harmful Cuts to Social Security and Medicare

Posted on 11/1/2013 by | AARP Executive Vice President | Comments

PoliticsAs the largest nonprofit, nonpartisan organization representing the interests of Americans age 50 and older and their families, AARP urges the budget conference committee to reject harmful cuts to Social Security and Medicare benefits for the purpose of achieving deficit reduction or as a tradeoff for scheduled sequestration cuts or other government spending. While we agree that sequestration cuts will have a growing impact on critical discretionary programs and should be revisited, we remain steadfast in our commitment to protect …

Social Security Checks to Edge Up in 2014

Posted on 10/30/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsSocial Security benefits will increase by just 1.5 percent next year — about $19 a month for the average retiree. The increase is one of the smallest since automatic cost-of-living adjustments were adopted in 1975. It affects Social Security benefits for some 58 million Americans, as well as benefits for millions of disabled veterans, federal retirees and people who get Supplemental Security Income. >> Sign up for the AARP Money newsletter. “The COLA announced today is vital to millions, but at …

AARP: Don’t Shrink Social Security’s Cost-of-Living Adjustment

Posted on 10/30/2013 by | AARP Executive Vice President | Comments

PoliticsThe annual Social Security cost-of-living adjustment (COLA) is critically important to the financial security of the nearly 58 million Americans receiving benefits. By providing protection against inflation, the COLA helps beneficiaries of all ages maintain their standard of living, keeping many from falling into poverty. The COLA announced today is vital to millions, but at an average of just $19 per month, it will quickly be consumed by the rising costs of basic needs such as food, utilities and health …

Blurred Lines of the Budget Debate

Posted on 10/24/2013 by | AARP Media Relations Team | Comments

PoliticsThe title of the undisputed hit song of this past summer, before the government shutdown, Blurred Lines,* lacks a reference to Congress (or rest assured it would have been a dud). But it captures what politicians and others in Washington have done in the hopes that voters don’t catch them causing damage to our lives and the broader economy. Sign up for the AARP Money Matters newsletter Last week economist and former Obama administration official Jared Bernstein wrote in the …