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!
How much have you saved for retirement? Five hundred dollars? Five thousand? Fifty thousand? If you have even $5 saved, you’re one step ahead of nearly half of working-age households — who have ZERO saved for retirement.
Growing up, I could tell when my Pop was coming home from work by hearing the jingling of change in his pockets. And, every night before he sat down for family dinner, Pop would go to the basement and empty the contents of his pockets into a Zorro lunch box for safekeeping. Mom and Pop were devoted savers — Pop in his lunch box and Mom in her Christmas Club account at the bank.
My mom was born in the same year that the 19th Amendment to the Constitution — giving women the right to vote — was ratified. She was a daughter of immigrant parents, who came to America in pursuit of freedom and opportunity. And my mom relished her right to vote. I have very early memories of walking with my mom, pop, brother and sister blocks to our polling place located at Outwater Park. It was a family tradition. I remember my pop telling family friends with a chuckle, “Every year, I cast my ballot for candidates, and my wife casts hers. We cancel each other out!” My parents didn’t have much in common when it came to political party loyalty — which made for some very interesting family dinner conversations, especially when it came to how the candidates would address important issues — but what they shared was a passion about exercising their right to vote.
Search AARP Blogs