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When Getting Old Becomes a Liability

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Submitted By iamfrenchy27
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So I wonder if my parents would have known that when they had children that we may have to work until the age of 70 or may not have any social security benefits, would they still have had children. Heck the fact that my generation and that of my sons, not having social security benefits scares the life out of me. I mean, what are we working so hard going to school and getting degrees for? We teach our children that in order to live a successful life, we have to go to school, work hard, save our money, and at the end of the rainbow is a life of retirement and stress free living. With the way that out economy is going, this doesn’t look like that fantasy is going to come true for myself nor my children. Lots of our citizens 50 and over are concerned about their future regarding when they can retire as healthy people, not getting fired due to medical issues because they can’t retire and the employer doesn’t want to pay for insurance, and being able to enjoy life after employment ends. AARP has been very vocal with their advocacy of these concerns that our elderly have, and which our readings has defined as, “an action taken in support of a cause or an idea”(Worth 2014, p. 367). In an article posted by AARP, “social security is a high priority, especially for residents who feel unprepared for retirement” (Bottorff, 2014). AARP states” Those who worry about Social Security running out are focusing on data such as this: In 1955, there were more than eight workers paying into the Social Security system for every beneficiary” (Bottorff, 2014). Today, that number is a bit less than three workers paying in, and it's projected to be close to two workers by 2031. My mom told me she didn’t know that she didn’t know anything about investing into her 401k until almost the end of her retirement from the government. How does this happen and how do we educate today’s generation on being retirement ready, in the event that we don’t have social security to depend on? AARP feels that helping people stay aware on the legislative side by lobbying, “action taken to support or oppose specific legislation at the national, state, or local level” (Worth 2014, p. 367), and staying aware on where politicians stand on issues such as medicare, social security, and also finding better ways for people residents to save for the future is the best way to ignite a change. AARP informs its members and the general public about candidates’ position on issues so they can choose candidates that best represent their views and values. For over 28 years, non-partisan voter education has been part of AARP’s mission to help Americans live their best lives. AARP does not endorse candidates, have a political action committee (PAC), or make contributions to political campaigns or candidates (Borttoff, 2014). Awareness is the key, because if we don’t know the state of our economy and what we need to do to preserve our financial future, then we are doomed. In my opinion our lifestyle needs to change based on how the economy is changing. AARP should consider having programs for the youth as well, to get them prepared for the ever changing economy. We need to be well educated as young adults as to make better decisions when we become older. We certainly can’t just depend on the politicians to be solely responsible for what happens to us when we become of retirement age. This country promotes having good credit and having “things” as to show ones success, instead of teaching us to save for our future and being more responsible with our financial purchases. So in conjunction with grassroot lobbying, defined as, “any attempt to influence legislation by affecting the opinion of the general public”(Worth 2014, p.369) on the political side on policies dealing with paying into our social security, AARP also needs to promote changing the way we look at what constitutes a happy life, instead of falling into the way this country promotes greed and financial promiscuity. In an article from USA Today on social security statistics show, “It's projected that the Social Security trust fund will run out in 2033 – but that means we have 20 years in which to change and improve the system”(Maranjian, 2013). There is so much that we all have to learn about social security and if we have organizations such as AARP to help us strategically plan, we can have a chance to all come out on top!

References: http://states.aarp.org/where-do-your-candidates-stand-on-key-issues/#sthash.RNWTNAKX.dpuf Nine Surprising Facts about Social Security By: Selena Maranjian http://www.usatoday.com/story/money/personalfinance/2013/11/25/nine-surprising-social-security-statistics/3698005/
Where Do Candidates Stand on Key Issues By: Bruce Borttoff, http://states.aarp.org/where-do-your-candidates-stand-on-key-issues/2014. Worth, M.J. (2014). Nonprofit Management Principles and practice

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