Nearly a quarter of Americans put saving for retirement on hold during the pandemic and stopped contributing to — or prematurely dipped into — their retirement accounts, according to a troubling new AARP Research study. More than half  of the more than 5,400 adults surveyed said a lack of money has…
Financial access gaps persist, and demonstrate how much work remains to ensure that all financial products are fair, equitable, and affordable.
A Black couple sits together and looks at a computer screen while holding bills
A payment pause and expanded employer assistance help some borrowers tackle their student loans, although others are left out.
intergenerational-classroom
College costs have increased substantially from 1964 to today, and higher costs and borrowing may affect young workers’ retirement security
Today AARP submitted a letter  to the Consumer Financial Protection Bureau (CFPB) commenting on the agency’s proposal to regulate the payday lending industry. For years, many of AARP’s state offices have engaged their state legislatures and governors to secure consumer protections for Americans who…
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Celebrating Black History Month is a tremendous opportunity to acknowledge our past achievements, address present challenges and dream about future possibilities. The legacy of Dr. Martin Luther King Jr. inspires us to dream about a future that affords us to live in comfort and prosperity. He…
Piggy bank in debt vice grip
We heard through the grapevine about a boomer couple upset because their son, who graduated from a prestigious college and professional school without loans, was marrying a young lawyer with tens of thousands in educational debt. The parents feared that paying off this financial burden would delay…
Saving up for a Rainy Day
We all want our children to be successful and happy. And though being financially fit won’t make anyone happy in and of itself, it can at least take away money stresses and allow the kids to pursue happiness. Just in time for Financial Literacy Month, three journalists from the Wall Street Journal…
Rainy day savings
While waiting in line last week at Starbucks, I realized that I was the only “guest” ordering black coffee — not a grande, no-foam macchiato concoction — and the only person using cash. The mostly millennial customers were flashing a smartphone app or swiping credit or debit cards.
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The Consumer Financial Protection Bureau (CFPB) is proposing new rules to restrict high-cost payday and car-title loans that often leave borrowers in worse financial shape.
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