During National Nurses Week (May 6–12, 2016), we celebrate nurses. I say, let’s celebrate nurses every day! Across the country, these hardworking professionals help us get and stay well, and provide comfort and care when we’re at our most vulnerable. In my experience, they do this with incredible skill as well as a smile.
Meet John, a 62-year-old disabled veteran and Maryland resident. Each month after he pays for medications, food, transportation and housing, there isn’t much money left over. What’s more, John’s utility bill is already $130 a month, but some legislators are trying to raise it even higher — even before he flips a single light switch.
When their grandfather’s health declined, Christina and her brother, Michael, stepped in to care for their “Papa.” Together they did everything he needed to stay at home, where he wanted to be. Christina shared:
Today's sobering statistic: Almost 20 percent of people ages 55 to 64 have no retirement savings. And even among those who have saved, millions are facing a retirement "deficit" - meaning they will outlive their retirement savings by $57,000 on average per household.
Last week, I sat down with Adrienne Mitchell of MarketWatch to talk about what 57 million American workers lack: a way to save for retirement at work - leaving them with little opportunity to secure their financial future. Just think about this for a minute: For workers who do have access to a retirement savings plan in the workplace, such as a 401(k), this increases their savings rate by 1300%. And, no, that's not a typo.
I often hear from friends and family members that they're afraid they don't have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don't have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up by a staggering 1300%. Yes, that's right: 1300%.
My Pop, a bus driver in Buffalo, worked until the mandatory retirement age of 70. He and my Mom lived on Social Security along with his modest pension. One Christmas, Pop couldn't get into the spirit of the season. The next day, he confided that the next year health care premium increases would consume his entire pension check, and then some. I can only imagine how my parents' lives would have been affected if Pop's pension had been cut in retirement.
Mike is a 55-year-old Mississippian and a family caregiver for his lifelong friend Joe, who suffered a stroke. Mike has found more emotional strength than he knew he had when the reality hit that caring for Joe is a 24-hour-a-day job.
Over the last two years, AARP has saved consumers an estimated $3 billion on their utility bills, protected reliable phone service and fought for stronger consumer protections for all Americans - all as part of our multistate utilities campaign. And, we're not stopping there.
From Alaska to Florida - AARP is fighting to save you money on your utility bills and protect reliable utility services, for you. So far, this and last year alone, we kept an estimated $3 billion in the pockets of consumers. And, that savings on your behalf is why we're in this. Whether it's your electricity, gas or phone: In 42 states, we're fighting for affordable, reliable, accessible utility service - for you.
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