Search

The following principles guide AARP’s efforts to further budgetary decisions that reflect the needs of all members of society. 

Income earned through employment is the foundation of most people’s savings and retirement income.

Government budgets reflect the priorities of policymakers. They specify what programs and activities the government will support and how to raise the money needed to fund them.

The federal government should require state CSBG and SSBG officials to consult with state and local agencies and organizations representing older people and other groups served by the programs.

These principles provide a framework for key components of low-income assistance, including income and nutrition assistance programs, access to social supports, and access to basic necessities.&nbs

Federal legislation should provide a minimum level of consumer protections. It should preserve states’ ability to provide additional protections to consumers. 

Regulators should ensure robust consumer protections in the financial marketplace. They should provide effective oversight of the financial industry.

Consumers should have access to credit on fair and reasonable terms.

Policymakers should establish reasonable interest rate ceilings for all lenders. These rates should correspond to prevailing Treasury Bill rates.

Regulators should eliminate unfair, deceptive, or abusive practices in the AFS industry.