More working New Yorkers will have an easy and effective way to save for their future thanks to the state’s newly-enacted Secure Choice Savings Plan.
I want to take a minute to recognize the 40 million Americans who perform a great labor of love every day: family caregivers. Thanks to their tireless efforts, parents, spouses, and other loved ones are able to remain at home — where they want to be. Day after day, these unsung heroes take on huge responsibilities that can be overwhelming, stressful and exhausting.
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!
En español | What do boomers and millennials have in common? As it turns out, much more than you’d think. Last week, millennials from coast to coast were discussing state options to give 55 million workers a simple way to save. Our AARP California office hosted a “Work and Save” Summit at East L.A. College, in partnership with the Young Invincibles, a national nonprofit, nonpartisan organization that advocates on behalf of 18-34-year-olds. In New York City, AARP teamed up for a shared discussion on financial security and workplace savings.
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.
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.”
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.
This year I had the honor of meeting Kyllian, a young New Jerseyan who, as a teenager, was a caregiver for her father. Throughout his battle with cancer, she would come home after high school every day to care for him.
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.
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