Minnesota’s 50+ Population Driving State Economy

Posted on 09/26/2014 by | AARP Minnesota | Comments

Money & Work AARP recently released an economic analysis, compiled by Oxford Economics, which sought to quantify the economic impact of American consumers over the age of 50 years of age.  Dubbed the “Longevity Economy” the report looks at the sum of all economic activity serving the needs of Americans over 50 and including both the products and services they purchase directly and the further economic activity this spending generates. In Minnesota, people over 50 contribute to the economy in a positive, outsize …

Fraud Fighter Presentations Available

Posted on 09/20/2014 by | AARP Blog Author | Comments

Money & Work AARP Minnesota invites community groups across the state to schedule a free Fraud Fighter presentation. About 20 volunteer presenters are available to talk about the latest trends in telephone and online scams, unsuitable investments and even theft by family members. Participants can learn how to recognize the tricks con artists use and how to protect themselves from fraud. To request a presentation, email Jay Haapala, AARP associate state director for community outreach, at jhaapala@aarp.org or call him at 651-726-5654.

Regular Minnesotans Speaking Out on Utility Costs

Posted on 06/17/2014 by | AARP Minnesota | Comments

Money & Work Xcel Energy is asking more than 1 million Minnesota residents to pay 12.5% more for their electricity over the next two years.  The price hike will increase the average Xcel customer’s bill by $123 by 2016.  Rather than simply accepting their ever increasing utility bills, hundreds of Minnesotans are making their voices heard at the Public Utilities Commission.  Here are two individuals who shared their stories with us. Shirlee from Minneapolis   Steve from Forest Lake If you are an …

Have Your Say on Utility Increases

Posted on 06/10/2014 by | AARP Minnesota | Comments

Money & Work Right now, the Minnesota Public Utilities Commission (PUC) is considering a request by Xcel Energy to increase the electric bills of around 1 million consumers by 12.5% The Facts of the Request: This is the 6th rate increase filed since 2005 by Xcel. If approved, around 1 million Xcel customers will have had their utility bill increased 7 times in a 10 year span. Xcel’s proposal is a two-year rate increase that would increase the average residential electric bill by …

Financial Security the Hallmark of a Successful 2014 Session

Posted on 05/29/2014 by | AARP Minnesota | Comments

Money & Work AARP’s priority this session was fighting for legislation that addresses the financial security of the 50+ population. Our top two priorities were: Enhancing retirement security through the Minnesota Secure Choice plan. Helping caregivers balance workplace and eldercare responsibilities.   Enhancing Retirement Security Minnesota Secure Choice Feasibility Study Enacted This year AARP helped passed legislation to study the feasibility of developing a new Minnesota Secure Choice in Retirement Plan that will enable more workers to save for retirement at work by …

AARP & LEGISLATORS WORKING TO EXPAND RETIREMENT SAVINGS

Posted on 03/19/2014 by | AARP Minnesota | Comments

Money & Work ST.PAUL — AARP Minnesota today unveiled a statewide survey that showed a growing concern over retirement savings in the Gopher State.  The survey engaged 1,000 Minnesotans over the age of 45 and found that 76 percent felt that they have not yet saved enough to retire and 72 percent support the idea of a state created retirement plan for those who lack access at their place of work. These results closely match national savings trends.  Nationally, the typical working-age household …