Paving the Way to
More than 20 million low-income people age 50 and over do not have adequate financial resources to meet their basic needs. Americans 50 and over now face the largest overall increase in long-term unemployment, the longest spells of joblessness and the least likelihood of finding jobs. Many are also caring for elderly parents, or supporting children and grandchildren who have been cut adrift by unemployment and other circumstances.
These struggling Americans have lost their foothold in the economy, and they want to get it back – not with handouts, but with tools and resources that will help them regain control.
Use the navigational menu to learn more about the tools and resources that will help low-income Americans age 50 and over regain control of their financial stability.
Programs & Services
(Marketwatch, April 2) - A new survey by the Insured Retirement Institute notes a marked drop in the last two years in boomers' confidence that they are saving enough for retirement. Read
(Marketplace, March 27) - Recent studies indicate that 50+ Americans now carry more credit card debt than those under 50, the first time for such a swing. And a good portion of that debt comes from older Americans helping out struggling relatives. Read
(Huffington Post, March 21) - In her most recent blog, Sara Rix, senior strategic policy advisor with the AARP Public Policy Institute, notes that although many older Americans want to keep working, challenges such as ill health, job loss and caregiving responsibilities often still stand in the way; however, ongoing improvements in employment options continue to make "working close to forever" highly appealing. Read