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Restoring Prosperity to the Middle Class

Author: AARP

Published: 2011-10-06

Synopsis and Key Points:

At AARP National Event and Expo Barry Rand stressed importance of rebuilding economic security of the once thriving middle class.

Main Digest

Rand comments on the fight in Washington to protect the middle class, calls Congress Super committee efforts to reduce the federal deficit worthwhile.

At AARP's Life@50+ National Event & Expo, AARP CEO A. Barry Rand stressed the importance of rebuilding the economic security of the once thriving middle class, many who are struggling just to make ends meet.

In a speech at the Nokia Theater L.A. LIVE, Rand addressed an audience of AARP members and people 50 and older about the financial challenges faced by America's middle class, and the need to sustain the programs and benefits that older Americans have earned over a lifetime of hard work.

"If we focus on restoring prosperity to the middle class, we will get our economy going again, put people back to work, increase the revenue needed to fund the government and reduce the deficit," he said.

Rand continued his remarks saying,

"Over the past generation, more and more of the middle class have fallen off the cliff into poverty - pulled down by a lack of job opportunities, rising health care costs, inadequate savings, declining home values, a lack of consumer protections and stagnant wages that have not kept pace with the costs of meeting basic needs," said Rand.

Rand touched also on the fact that benefits like Social Security and Medicare have been and continue to be vital to maintaining independence and a middle-class standard of living in retirement. For many in the middle class that way of life is now threatened, both by the recession and the political attacks on these programs in Washington. Rand called for vigilance to protect these critical programs for health and economic security and also offered a message of optimism during this challenging time saying, "...it's during times like this when we can bring opportunity to life..."

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