AARP Executive Vice President and Chief Advocacy and Engagement Officer Nancy LeaMond issued the following statement in response to the introduction of the bipartisan Lowering Costs for Caregivers Act by Senators Jacky Rosen (D-NV) and Bill Cassidy (R-LA).

Family and others who provide care for veterans spend on average $11,500 of their personal income on out-of-pocket costs related to caregiving each year—1.5 times higher than what other family caregivers spend ($7,242), according to AARP data. Across the country, more than 6.5 million veteran and military caregivers provide $14 billion in unpaid labor for America’s wounded warriors every year—putting their own financial well-being aside—and at risk.

AARP Executive Vice President and Chief Advocacy and Engagement Officer Nancy LeaMond issued the following statement in response to the Centers for Medicare & Medicaid Services’ final rule that would, among other components, allow health care professionals to be paid solely for time spent training family caregivers.

According to a new AARP survey, more than 1 in 5 (22%) adults have no retirement savings. Nearly 2 in 3 (64%) are worried that they will not have enough money to last in their later years. Today, AARP and the Ad Council launched “This Is Pretirement,” a new, fully integrated campaign that encourages those thinking about retirement to plan for their financial future.

The November issue of AARP Bulletin offers readers the latest news updates and stories – from the rise in programs nationwide that allow residents to pay property taxes via volunteering to saving big bucks at departments stores. The following are highlights from this month’s Bulletin.