Paving the Way to Stable Income
More than 20 million people age 50 and over do not have adequate income to meet their basic needs for food and housing. Many are looking for full-time work or part-time jobs, and have become part of the largest increase in long-term unemployment in history. These workers are mothers and fathers, daughters and sons; some care for elderly parents, some support children and grandchildren who have been cut adrift by unemployment themselves.
These struggling Americans have lost their foothold in the economy, and they want to get it back —they know it might not be easy, but with the right tools and resources they can regain control.
Our income work improves opportunities for these 50+ workers to earn, manage and protect their income as they age. By building awareness, supporting effective services, delivering new products and programs, and investing in community capacity, we work together with 50+ low-wage workers and their families to win back opportunity and get back on track.
A recent study conducted by AARP Foundation and Charles Schwab Foundation followed the changes in financial behavior of individuals who participated in workshops delivered by community-based organizations using the AARP Foundation Finances 50+℠ curriculum. See how the workshops made a positive impact on various aspects of individuals’ financial attitudes and behavior.
Winning Back Opportunity
12 community colleges nationwide were selected for the BACK TO WORK 50+ initiative. Read
The documentary, “Set for Life,” tracks several primary breadwinners who have lost their jobs and the effect that has on their families. Read
In the Spotlight
Good news for older workers. Over 230 employers vow to consider hiring older applicants. Read
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
(PRWeb.com, June 2014) - The Independent Community Bankers of America® (ICBA), the Senior Housing Crime Prevention Foundation (SHCPF) and the nation's more than 6,500 community banks are providing tips for preventing the disturbing trend of elder financial abuse. Read
(The Intelligencer, May 2014) The number of workers 65 and older rose 3 percent between 2010 and 2013, while the number of younger workers under 50 years old fell, according to a recent Gallup poll. Read
(Marketwatch, April 2013) - 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