Money

By Jean C. Setzfand

Just over 50 percent of Rhode Islanders age 65 and older rely on Social Security for at least half of their family income—and nearly 24 percent rely on Social Security for 90 percent of their family income. Some 148,000 Rhode Islanders collect benefits.”

Caring for aging parents and college-bound kids, all while trying to save for your retirement?

In April 16 testimony before the House Finance Committee, AARPRI Advocacy Director Deanna Casey and volunteer Gerald McAvoy tell lawmakers that many trapped in the cycle of payday loans are Rhode Island senior citizens. They represent, Casey added, "a growing and significant share." Payday lenders target Social Security, disability and veterans benefits.

Guest post by California Public Utilities Commissioner Catherine J.K. Sandoval

Happy Work@50+ Wednesday, everyone!

Governor Peter Shumlin today signed a bill into law that effectively prevents predatory online lending institutions from preying upon older Vermonters. The legislation, drafted by AARP Vermont and others, impacts companies offering cash advances to pensioners in exchange for part or all of their pension payments – often at very high interest rates. The new law requires these companies to register with the state and comply with strict regulations on interest rates, disclosures, etc. -- or face stiff penalties. Regulators are confident that these companies will not comply and therefore will effectively be unable to operate in Vermont.

Join AARP and SUNY Adirondack's Continuing Education Program for a three-week, three-session class,

Ever wondered if business ownership was right for you or if you have the personality traits to run a successful business or maybe if that fantastic idea you have could be the next million dollar sensation?

After speaking with Donna Davis, it would be difficult not to be excited about the idea of becoming an entrepreneur. Her official title is Regional Administrator for the U.S. Small Business Administration (SBA) Region IX, but she calls herself the region’s “Chief Evangelist,” an apt term for a woman who is a leader, motivator, and tireless advocate for small businesses in California, Arizona, Hawaii, Nevada, and Guam.