AARP is launching a nationwide movement, I Am A Caregiver. To many lawmakers, America’s millions of caregivers are invisible. Yet, these family caregivers hold up a broken long-term care system, which is why AARP is looking for your help.
On Feb. 29, the Indiana Utility Regulatory Commission (IURC) conducted a field hearing in Evansville to hear from customers about CenterPoint’s request for a rate increase for its electric customers.
AARP Oklahoma presented House Majority Leader Tammy West and Senate Appropriations Chairman Roger Thompson with the 2024 Champion for Family Caregivers award for their leadership in improving the lives of older Oklahomans and championing the Caring for Caregivers Act, which created a state tax credit for Oklahoma family caregivers.
Media professional Jackie Gil joins AARP Texas as Associate State Director of Communications. In her new role, she will support the thriving Houston and Austin communities by leading communication campaigns, managing media relations, and crafting compelling narratives highlighting the impactful work being done by AARP Texas teams.
AARP Oregon advocates for what is important to our members and older Oregonians. With the help of our legislative advocate volunteers, AARP members, staff leadership, and in concert with our partners, we worked tirelessly to advocate on a broad range of issues to improve the lives of older Oregonians and their families.
For most of us, Social Security is – or will be -- essential for helping to cover daily living expenses and pay bills as we get older. The bottom line is that Social Security is your money, earned through a lifetime of hard work. Yet there are persistent misconceptions about its long-term financial stability and how it works. Here are facts behind five of the most stubborn Social Security myths.Myth #1: Social Security is going broke. The facts: Social Security will not run out of money, as long as workers and employers continue to pay payroll taxes. It’s a pay-as-you-go system: Revenue coming in from payroll taxes largely covers the payments going out. But Social Security does face longer-term funding challenges. For decades it collected more than it paid out, building a surplus that stood at $2.83 trillion at the end of 2022. But the system is starting to pay out more than it takes in, largely because the retiree population is growing faster than the working population and is living longer. Without changes in how Social Security is financed, the surplus is projected to run out in 2034, according to the latest annual report from the program’s trustees. Even then, Social Security will still be able to pay benefits from incoming payroll tax revenue. But it will only be enough to pay about 80% percent of scheduled benefits, according to the latest estimate. If Congress doesn’t take action in the next 10 years to protect and save Social Security, your Social Security could be cut by 20%—an average of $4,000 a year. The last time Congress took major action to shore up Social Security’s nearly depleted reserves was 1983.