Thursday, March 20, 2008

It's Never Too Late

It's never too late to learn about or take strides toward economic security (nor is it ever too early). Although they have yet to become a part of mainstream thought, things like LiLAs and scholarships can make a difference in the lives of older Americans.

The AARP Foundation's Women's Scholarship Program is an exemplary opportunity for women to improve their economic security. The program "provides scholarship funds to women 40+ seeking new job skills, training, and educational opportunities to support themselves and their families, and improve their communities."

The first round of scholarships were awarded to a diverse group of women who, with the help of friends, family members, and counselors, recognized that economic security is not a lost cause.
[]Nearly 34% of the recipients are grandparents raising grandchildren
[]Roughly 62% of the recipients are using the scholarship funds for short vocational programs
[]Three recipients are military veterans
[]Two recipients are Hurricane Katrina survivors

Programs like these directly assist the population that the Elder Economic Security Initiative reaches out to by encouraging career advancement and strides toward economic security at all stages of life.

For information about strategies for Elder Economic Security, click here.

Comments Please: Do you think that creating more scholarship opportunities specifically for older adults will empower individuals to consider education and training programs as a vehicle for economic security later in life as a result of improved career paths?

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