You Can’t Retire on an Empty Stomach
As I wrote last night, I am attending Orlando@50+ to learn. I anticipated that most of this learning would be of the inspirational and motivational variety. Unfortunately, not all of the news is positive. You need to hear it anyway.
The first thing to hit my inbox this morning from the AARP was a press release announcing a program to alleviate hunger among older Americans.
In a nutshell:
This year, 6 million older Americans will go hungry. Between 2006 and 2008, the percentage of poor and near-poor elderly who were hungry more than doubled—from 4.7 percent to 10.1 percent, according to the AARP Public Policy Institute. Today at Orlando@50+, AARP’s national event and expo, AARP and its affiliated charity, AARP Foundation, announced a multi-million dollar effort to help end hunger among older Americans.
No American should go to bed hungry. It is particularly sad and aggravating to think about this problem for older folks who can’t work or properly fend for themselves. Many of them can’t even get themselves to the food pantries and free meal programs offered to the homeless folks.
For that elderly 10.1 percent, I call it retirement horror.
What are the takeaways for us from this announcement?
First, plan, plan, and plan again for your own financial future. I have written repeatedly about securing a source of retirement income that is guaranteed and protected from inflation. Right now, and for our foreseeable future, the stock market is not it.
Second, and more important today, participate in the program. Say and think what you will about the AARP marketing machine, this issue is legit.
Just text ‘hunger’ to 50555 to donate $10 to help AARP Foundation fight senior hunger.
You can’t retire on an empty stomach. Neither should the elderly who are already hungry.
Here is a link to more info on this initiative.
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