Across all 50 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands, AARP is fighting to help families address important day-to-day issues — from caring for a loved one to retiring with confidence. In fact, this year alone we’ve successfully fought to bring more support to millions of family caregivers and help millions of 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!
Meet Jeff and Capi Saxton. Jeff is a bookbinder and Capi manages a small fabric and sewing supply store. Now in their 50s, they’ve found it hard to save for retirement. “There will be no retirement for me,” Jeff says. “I’ll always have to work.”
This month, as state legislative sessions start kicking off across the country, AARP, too, will go to work — fighting for you and your family. In all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands, we’ll be fighting to make sure your voice is heard, focusing on the key issues you’re facing front and center, in your daily life.
Crisp autumn air reminds me of my elementary school days in Upstate NY – and of my Mom's hard work and dedication. My Mom worked the "vampire shift" at Tommy Tucker bakery – injecting doughnuts with jelly from 9 at night to 5 in the morning. She'd arrive back at home in time to wake my brother, sister and me, cook a hot breakfast and send us off to school. And, every Friday on her pay day, she'd take us to the bank to cash her check and set aside a small portion of pay in a Christmas club savings account. No matter how small the check, she always saved something for the St. Patrick's Church collection basket and something for the future.
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.
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.
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 pop, a city bus driver, taught me to work hard and also have fun doing it. For more than 25 years, he announced each stop on his route as if he was leading a tour, not driving a Buffalo city bus. Pop retired at the mandatory age of 70. Mom and Pop lived on their Social Security, and Pop’s modest pension income was almost entirely dedicated to pay their health insurance premium. They enjoyed their retirement years, but I know life would have been so different if Pop’s pension had been cut.
”Great news from Illinois: A new law will help 2.5 million workers retire with confidence. Signed by former Gov. Quinn this year, the Illinois Secure Choice Program gives millions of state residents a way to save for their future at work — a tool that increases savings rates by 15 times. Upon signing the bill, Gov. Quinn shared, “This is a special ... opportunity, for all of us to go forward at helping people save for retirement.
Search AARP Blogs