Money

With AARP and other opponents of a major automobile insurance rate hike in North Carolina weighing in, the NC Insurance Commission drastically scaled back an industry request that would have significantly raised your premiums.

Social Security is your money — you earned it through a lifetime of hard work. And like most Americans, that money is needed to help cover living expenses and pay bills. Nearly one-in-five North Carolina residents - 2,183,353 million people – receive Social Security benefits, and 50 percent of residents 65 and older (880,949) rely on the program for at least half of their income.

Seventy-five-year-old Army veteran Lester Rodgers, Jr. lives in Chatham County on a fixed income. When his wife passed away, he worried that he would not have enough money to keep his home.

RALEIGH -- Today, roughly half of North Carolina private-sector workers don’t have a way to save for retirement through their job. That’s roughly 1.8 million residents who are unprepared to support themselves in the future and more likely to have Social Security as their only source of retirement income. And those who work for our state’s small businesses are even less likely to have a savings plan. N.C. State Representatives Jarrod Lowery, Jeffrey McNeely, Jon Hardister, and Harry Warren introduced a new bill in March to help change this.

STORY UPDATE 8/22/23:

RALEIGH -- Duke Energy/Progress has filed a rate hike application with North Carolina utility regulators that if approved, will increase residential rates by 16 percent over the next three years.

NC auto insurers ask for major rate increase

North Carolina is facing a retirement savings crisis that will leave far too many residents barely able to afford their basic needs in their later years.

Medicare changes every year, which means it can get a little complicated when trying to understand what’s new for you. Join us for a free webinar where we’ll discuss the key takeaways from this year’s Medicare changes and what they may mean for your benefits.

It’s National Savings Day – the one day a year set aside to remind us of the importance of saving and reflect on our own savings habits. At AARP, we don’t need a national holiday to remind us just how vital saving for the future is. We know that saving for retirement is one of the most important things you can do for your future, and we work 365 days a year to provide resources to help you plan and grow your savings. But, we can’t do it alone. That’s why this National Savings Day, we are calling on North Carolina lawmakers to create a Work and Save program to make saving for the future easier for everyone.