Social Security

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 …

Best-Kept Secret: Waiting To Collect Social Security

Posted on 10/24/2013 by | Money and Work | Comments

Bulletin Today | WorkFor those of us who thought that if we just held out until age 66 or 67, we could collect our full Social Security benefit– well, we were wrong. Apparently, Social Security’s “true” retirement age is 70 — and it’s the best-kept secret in town. Sign up for the AARP Money Matters newsletter That’s what Alicia Munnell, director at the Center for Retirement Research at Boston College, wrote in an issue brief this month. Here’s how she explains it: Monthly …

Dignity for All Generations

Posted on 10/24/2013 by | Chief Volunteer | Comments

Your LifeThe following is a response from AARP President Rob Romasco to a recent New York Times op-ed by Tom Friedman: Credit Thomas Friedman for advancing the much needed conversation on the retirement security for all Americans via his “Sorry Kids, We Ate It All.” However, the analysis is incomplete both in fact and in context. Sign up for the AARP Money Matters newsletter Total public investment for older and younger Americans is roughly equal. Our members fight to protect Social Security …

There is Nothing ‘Fuzzy’ About Social Security Benefits’ Positive Impact on the Economy

Posted on 10/22/2013 by | Public Policy | Comments

Your LifeThe idea that Social Security benefit payments help support local and state economies and the national economy is obvious to all 57 million beneficiaries who spend their dollars at stores and to the merchants who sell them goods and services. But it is not obvious to many in Washington. In a town focused only on what Social Security payments mean for the federal budget, a new report by AARP’s Public Policy Institute highlights, in actual dollars and jobs, what Social …

Fiscal Deal Leaves Social Security and Medicare Hanging

Posted on 10/16/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsOne fiscal crisis is winding down, but another round of budget negotiations looms. And that could mean Social Security and Medicare cuts will again be part of the conversation. President Barack Obama signed a measure on Oct. 17 that reopened the government and preempted a default. But, says the Washington Post, the deal’s “timeline sets up another potentially bitter showdown over spending cuts and entitlement programs that will unfold in the halls of Congress over the next four months by starting …