Innovative state solutions to America’s savings crisis are in danger. Federal overreach threatens an important Department of Labor rule that gives states flexibility to help workers save for retirement.
May is proving to be a historic month for both workers and employers across the country! Since I last wrote on this topic in February, we at AARP have continued to fight hard to establish Work and Save plans in the states, a convenient way for millions of workers to save for retirement through an easy payroll deduction. And we have great news to report!
The phone rang one day when I was at work. It was my mom. “Come right away, Elaine, we need you,” she said. Mom had just driven Pop to the emergency room. I knew Pop must have been very sick, because Mom hadn’t driven a car in years.
A propósito de que octubre era el mes de las mujeres propietarias de pequeños negocios, el sitio de finanzas personales NerdWallet echó un vistazo a las áreas metropolitanas que ofrecen las mayores oportunidades para las mujeres emprendedoras.
As we enter the heart of summer, the temperature isn’t the only thing on the rise — utility bills are increasing, too. For seniors especially, keeping cool in these hot summer months isn’t just a luxury, it’s a necessity for health and safety — one that can be hard to afford for some. As my colleague Joan McCarty of AARP New York simplifies it, “every extra dollar that goes to a utility bill is a dollar less for food and medicine.”
This weekend we all had the opportunity to celebrate our fathers. As I remembered my Pop — a funny, hardworking, unselfish man — I thought about his devotion to my mom, especially during their later lives when he was her primary caregiver. He shouldered huge responsibilities that I think weighed heavily on his mind.
Like Billy Joel, I frequently find myself in “A New York State of Mind.” I am a New Yorker — born, raised and educated in the Empire State. Though I no longer live there, I still call it home — which is why I was concerned by the findings of a new AARP survey released last week. The reality is, the New York state of mind is experiencing high anxiety when it comes to saving for retirement — especially Generation X, which started turning 50 this year.
Even with her training as a nurse, family caregiver Joanne Davis says she doesn’t feel equipped to handle certain tasks as she cares for her husband. “I think of people who are in a situation who don’t have that sort of experience and I don’t know how they manage,” she says. And yet, nearly half of the 42 million family caregivers in America perform medical and nursing tasks to care for their loved ones. This can be managing medications, cleaning wounds or feeding tubes, giving injections and more. Most do this all with little or no training.
Family caregivers provide an estimated $450 billion in unpaid care annually, helping their older parents, spouses and others to live independently at home—and out of costly institutional care, often paid for by Medicaid. But now, in a number of states as governors and legislatures negotiate their state’s annual budgets, critical assistance on which family caregivers and their loved ones rely on is at risk. Proposed cuts to home care, adult day services, meals-on-wheels and more have real consequences for families. Take Barbara and Steven.
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