In 2010, the AARP-sponsored Financial Freedom Tour will continue to help men and women set their financial courses toward a secure future.
The tour consists of an action-packed, half day of free, interactive workshops and presentations aimed at improving your financial quality of life and giving you peace of mind.
According to the 2010 AARP survey “African American Experiences in the Economy: Recession Effects More Strongly Felt,” 34 percent of those surveyed stopped putting money into a 401(k), IRA or other retirement account, and 26 percent are prematurely withdrawing funds from their retirement nest eggs to pay for living expenses. Additionally, 60 percent of Hispanics 45+ got less sleep due to the stress and worry from the economic recession.
This study clearly shows that some African Americans and Hispanics 45+ have been forced to make increasingly tough decisions to cope with the economic downturn that could have serious long-term consequences.
In 2010, the tour will be visiting New York, New Mexico, Pennsylvania and Tennessee to help savers come up with budgeting and money-management plans they can stick with. The workshops are open to the public and included such topics as money management, controlling debt and maintaining healthy credit.