skip to main content
skip to newscasts

Saturday, April 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

view newscast page
play newscast audioPlay

Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Survey Shows Cross-Generational Concerns about Retirement Savings

play audio
Play

Monday, November 8, 2021   

MINNEAPOLIS, Minn. - A new survey underscores calls for laws to make it easier for people to accumulate savings, and Minnesota voices hope to spark more conversation about it.

An AARP survey says 63% of voters age 25 plus are anxious about having enough money to last through their retirement years. Some 92% back legislation to create more savings opportunities on the job, to be deducted from paychecks.

Kate Schaefers, volunteer state president of AARP Minnesota said that kind of policy not only prepares younger age groups for their golden years, but also to be ready for critical needs along the way.

"As we've seen some erosion of our middle class over the years, it's really important to look at starting early with saving practices," said Schaefers. "So that people are prepared for those opportunities when they need to have money in the bank, but also for retirement."

A proposal in Congress would require employers to set up automatic retirement accounts if not already offered. Some states have similar laws on the books, but Minnesota isn't among them.

The U.S. Chamber of Commerce advocates for plans set up by individual employers rather than states. AARP hosts an online panel discussion on the topic tomorrow evening, featuring voices from four different generations.

Schaefers said it's important for different age groups to share their experiences in navigating the savings maze. As for people nearing retirement age who lack the necessary funds, she said she thinks employers should provide more flexibility to allow them to keep working.

"I know that this pandemic has had a huge impact on older workers," said Schaefers. "And I think as we come out of it, providing those opportunities for people to be safe in the workplace, while still also continuing to work at some capacity, is going to really help people, financially."

Also from the survey, only three in ten voters between age 25 and 44 believe they'll have enough money for retirement. For those 45 and older not yet retired, 81% wish they had more set aside.

Tomorrow evening's event begins at 6:30. Details are on the AARP website.



Disclosure: AARP Minnesota contributes to our fund for reporting on Budget Policy & Priorities, Consumer Issues, Health Issues, Senior Issues. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Outdoor recreation added $11.7 million to the Arizona economy in 2022, according to the U.S. Bureau of Economic Analysis. (Adobe Stock)

Environment

play sound

Arizona conservation groups and sportsmen alike say they're pleased the Bureau of Land Management will now recognize conservation as an integral part …

play sound

Across the U.S., most political boundaries tied to the 2020 Census have been in place for a while, but a national project on map fairness for …

The 2023 Annie E. Casey Foundation Data Book ranked Arkansas 37th in the nation for education, and said 56% of young children were not in preschool programs to help get them ready for school. (Adobe Stock)

Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021