Despite objections from the AARP and a coalition that once defeated the payday lending industry, lending firms can soon collect the maximum interest fee on slightly bigger loans.Read More »
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AARP, which lobbies for the interests of older Americans, is mobilizing the coalition that defeated the payday lending industry six years ago in its new fight against a proposal that would allow lending firms to collect the maximum interest charge on a bigger loan.Read More »
Most Arizona seniors rely heavily on Social Security for their income, an AARP report found.Read More »
Arizona is growing older. An estimated 13 percent of Arizonans were age 65 or older in 2009. That percentage is expected to almost double by 2020, according to the Arizona Department of Economic Security’s State Plan on Aging.
That aging is especially pronounced in rural areas. Of the four counties that already had more than one out of five residents age 65 or older in 2009, according to the U.S. Census Bureau, all are in rural areas: La Paz, 32.1 percent; Yavapai, 23.8 percent; and Gila and Mohave, 22.4 percent.
As this shift occurs, experts and advocates warn that rural areas in particular will lack the doctors, care homes, transportation and other services needed by an older population.
For many people in Medicare Part D, late summer is usually the time of year when they fall into the infamous “doughnut hole,” which is the coverage gap that requires enrollees to pay all of their medication costs.Read More »