Alert
Close

Help hungry seniors. Deliver help and hope before Thanksgiving. Donate

HIGHLIGHTS

Open
Grocery Coupons

Grocery Coupons

Members can print free savings coupons

Brain Health Center

Brain Health Center

Learn how to live smart and stay sharp

Amazon Kindle

Amazon Kindle

Members save on e-
readers and tablets

Caring for loved ones?

Caring for loved ones?

Find the resources you need

PRESS CONTACTS

If you are an AARP member and not with the press, call 1-888-OUR-AARP or email member@aarp.org

 

If you are a reporter with a media inquiry please contact the AARP Media Relations office: 202-434-2560 or media@aarp.org. Or Follow us on Twitter @aarpmedia.

New AARP Survey: Most Older Adults Support Implementation of Wall Street Reform

Support for provisions of 2010 law high across political parties

FOR IMMEDIATE RELEASE:
March 8, 2012

CONTACT:
AARP Media Relations
202-434-2560
media@aarp.org

New AARP Survey: Most Older Adults Support Implementation of Wall Street Reform

Support for provisions of 2010 law high across political parties

WASHINGTON – Today AARP released a new survey showing that an overwhelming majority of adults age 50+, across political parties, support the provisions of the 2010 Dodd-Frank Wall Street Reform Act and most believe the reforms contained in the law should be allowed to take effect.

“Our members and older Americans have consistently called for measures that would protect their families from financial predators and help them plan their finances and their futures with confidence,” said AARP Senior Vice President Joyce A. Rogers. “This survey clearly confirms that Americans are supportive of the individual provisions of Wall Street Reform and want to move forward with protections for consumers and investors.”

Among the survey’s findings:

* Almost all adults age 50+ believe it is important to enforce financial regulatory practices that protect consumers from unethical practices. These findings are consistent with research conducted by AARP in 2010 on consumer financial protection issues. Support for these protections has remained strong and in some cases it has grown in the last two years. For example, this study finds more than nine in ten adults age 50+ (95%) believe it is important that people be protected from predatory lending practices compared to 89% in 2010.

* When presented with specific provisions of the Wall Street Reform law, an overwhelming majority favor each of them:
o 88% favor establishing a way to monitor the financial system for early signs of trouble (92% among Democrats, 85% among Republicans)
o 86% favor ensuring Wall Street banks have a way to go out of business rather than relying on taxpayer bailouts (88% among Democrats, 86% among Republicans).
o 94 % favor requiring that banks and other financial institutions provide full disclosure of all terms and conditions of their products in plain English and a simple format (95% among both Democrats and Republicans).

* When informed there are currently proposals in Congress to repeal the law, only 20% favor doing so. Almost six in ten (58%) believe the reforms contained in the law should be allowed to take effect.

“AARP has fought for years to improve the financial security of our members and all older Americans, and the Wall Street Reform Act marked an historic achievement in this arena,” Rogers concluded. “We are committed to continuing our work to ensure this law is implemented in the best interest of all Americans.”

AARP commissioned Woelfel Research, an independent research firm, to conduct a survey among adults age 50+ to understand public opinion on consumer financial protection issues. Telephone interviews were conducted among a nationally representative sample of 1,003 adults age 50 and older in the continental United States between December 12, 2011 and January 18, 2012. The margin of sampling error for the national sample of 1,003 is ±3.1%. A full description of the methodology and the full survey results can be reviewed at www.aarp.org/2012ConsumerFinancialProtectionSurvey.

AARP is a nonprofit, nonpartisan organization with a membership that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with over 35.1 million readers; AARP Bulletin, the go-to news source for AARP's millions of members and Americans 50+; AARP VIVA, our bilingual multimedia platform for Hispanic members; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

Search Press Center

MEDIA CONTACTS

If you are an AARP member and not with the press, call 1-888-OUR-AARP or email member@aarp.org.

 

For media inquiries, please contact the AARP Media Relations Office at (202) 434-2560 or media@aarp.org.

 

Facebook: AARP Media Relations

Twitter: @aarpmedia

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

 

denny's restaurant member discount membership

Members save 15% all day, every day when dining at participating Denny's restaurants.

 

regal theater member benefit aarp

Members pay $8 for Regal ePremiere tickets purchased online. Conditions apply.

 

AARP Real Pad Tablet

Go Mobile with RealPad. Connect, play and share plus free 24/7 live customer support.

 

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.