Social Security

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 …

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 …