Finances 50+

Older adults' financial well-being as they age depends on sound planning, retirement savings, Social Security benefits, health care costs and financial resilience.

News and Notes from AARP Michigan

Social Security is a critical part of your retirement income. Whether you're nearing retirement or planning for the future, it's essential to understand how your benefits work and how to protect them.

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For nearly 90 years, Social Security has served as the bedrock of retirement security in the United States. Nearly 67 million Americans rely on its benefits — retirees, people with disabilities, survivors and dependents alike. But today, the program is under extraordinary strain. Budget shortfalls, rising demand and administrative challenges are converging in ways that threaten both its integrity and accessibility.

The Social Security Administration (SSA) has announced a significant and unexpected change requiring certain customer service requests to be handled in person, eliminating the ability for many Americans to get assistance by phone. This shift, set to take effect in just two weeks, could create unnecessary barriers for millions—especially older adults, people with disabilities, and rural residents who may have to travel long distances or take time off work just to access basic Social Security services.

AARP Real Possibilities by AARP Michigan is a weekly TV show airing every Tuesday on ABC 53 in Lansing and Jackson at 9:00 am and ABC 4 West Michigan at noon.

AARP Executive Vice President and Chief Advocacy and Engagement Officer Nancy LeaMond issued the following statement on Friday, February 28, related to comments about changes at the Social Security Administration (SSA):

Most older Americans count on monthly benefits as their largest source of income

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