Financial Definition of AARP
What It Is
AARP stands for the American Association of Retired Persons.
How It Works
AARP is a nonprofit organization of more than 30 million people older than 50. The organization publishes AARP The Magazine, as well as a series of bulletins and websites. The AARP Foundation is an affiliated charity that offers money and support to seniors in the United States.
The organization is led by a 22-member board of directors.
AARP also endorses a variety of goods and services, particularly insurance and financial products, and offers discounts on travel and other items to its members. It also advocates for senior issues through its lobbying arm and publishes research on a variety of age-related topics.
Why It Matters
AARP is one of the largest nonprofits in the United States, and its magazine consistently has one of the largest circulations of any American magazine. The organization has considerable influence on legislative issues affecting seniors.
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