As state officials hammer out a budget for 2012, AARP is calling on Gov. Andrew Cuomo, D, to restore $1.3 million in funding for "kin-care" services to ease the burden on grandparents raising grandchildren. Funding for such services has dropped precipitously in recent years, from $2.7 million in 2009 to $340,000 in 2011.
More than 250,000 New York children are being raised by a grandparent or other non-parent relative. Kin-care services — such as case management, short-term respite care and legal advice — help keep children out of the foster care system. These services cost the state about $500 per child per year, substantially less than foster care, which can cost more than $22,000 per child per year.
A new AARP survey of New Yorkers age 50 and older takes a special look at how they view financial security and retirement. Nearly six out of 10 respondents said they will delay retirement if the economy does not improve. Of those, nearly 40 percent said they will delay retirement for at least five years, and 16 percent expect never to retire.
"Older New Yorkers would like to enjoy retirement, but for an alarmingly large number, this is a dream delayed or slipping out of reach," says Lois Aronstein, AARP state director.
The survey also found seven out of 10 worry about being unable to pay for a major illness and financial devastation caused by health costs. Three out of five are not confident their children's generation will fare better than their own. For more results, visit aarp.org/ny.
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