AARP New Jersey partners with the state’s Division of Consumer Affairs and other agencies to get fraud warnings out through conferences, forums and shredding events.
Did you know the average older American takes four to five prescription medications each month? And the average income for a Medicare beneficiary is about $26,000, but the average annual cost for widely used prescription drugs for chronic conditions was nearly $20,000 in 2017!
Over half of New Jersey workers – 1. 7 million people - do not have access to a retirement savings plan through their employer.  Programs such as Social Security are critical to retirement security but do not provide enough for an individual to depend on during their retirement. The average Social Security benefit for a 65+ family is about $19,000 a year, though on average older New Jersey families spend $23,000 a year of food, utilities, and health care alone.  The math is clear…..New Jersey families cannot rely on Social Security alone for a secure financial future.
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