We all know someone who was raised by a struggling single mom, and that actually describes many adults right now. Think about those people's moms and grandmas now: 60% of women over 54 across the country lack the income to meet basic expenses (Wider Opportunities for Woman.) The struggle never stopped when the kids moved out, the (maybe) child support ended, and mom never had a chance to increase her job-earning skills.
America Saves is stressing the need for all Americans to save for their future. With Americans, especially women, living longer - the reality is that Americans need to save more money for retirement - or work longer. You may have seen these points on Money Wise Advisors, and here is America Saves' version:
- BenefitsCheckUp - a service of the National Council on Aging (NCOA) - is the nation's most comprehensive web-based service offering information on benefits programs, specifically programs for people with Medicare and limited income and resources.
- The Eldercare Locator, a public service of AoA and administered by 4na, is a nationwide service that connects older adults and their caregivers with information on senior services. In addition to the link above, they have a toll-free hotline at 1-800-677-1116.