The movement to Boost Social Security benefits is growing thanks to leaders like Senator Bernie Sanders and Senator Elizabeth Warren. You can join the National Committee’s movement by signing our petition.
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#politics #social security #p2 #seniors #retirement #retirement crisis #congress #entitlement reform #entitlementsSeniors have earned their benefits and many don’t have much else to live on. For more than one-third of retirement beneficiaries, Social Security constitutes at least 90 percent of income. Half of people aged 65 to 74 have no retirement savings. Without Social Security, almost half of the elderly would live in poverty.
The next U.S. president and Congress will face a serious test: What to do, if anything, about the nation’s retirement crisis?
Americans aren’t saving nearly enough in their 401(k)s, while wide swaths of the workforce aren’t saving at all, because they don’t have access to a retirement plan. Social Security, meanwhile, faces a financial shortfall as the baby boomers enter retirement.
via Bloomberg.
We agree, Congress should BOOST Social Security for all working Americans.
Do you agree? If you answered “yes”, then please sign our petition here.
Generally, Social Security has been (effective) with other social insurance keeping senior Americans above the poverty rate. But, many seniors live extremely modestly, close to the poverty threshold
Monique Morrissey via Equal Voice.
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With people saving less and less for retirement, it’s important that Congress BOOSTS Social Security benefits for all American workers.
Max Ritchman, President and CEO of the National Committee to Preserve Social Security and Medicare: “America’s seniors understand all too well that our nation faces a retirement crisis and improving Social Security benefits is vital to keeping millions from poverty. Rep. Linda Sanchez’s ‘Strengthening Social Security Act’ makes several important improvements for seniors by: phasing out the payroll tax cap so that the wealthy pay their fair share, creating a Cost of Living adjustment for the elderly and boosting benefits for all retirees including widows/widowers. NCPSSM strongly supports this legislation and applauds Congresswoman Sanchez for doing the right thing for America’s seniors and their families.”
To ease the retirement crisis, Social Security benefits must be strengthened rather than cut. For that reason, the National Committee has endorsed H. Res. 393, the resolution introduced by Representatives Jan Schakowsky, Doris Matsui and Patrick Murphy which supports boosting Social Security.
However, some conservatives in Congress insist that relief for programs like the Older Americans Act be paid for by cutting Medicare and Medicaid. This budgetary sleight-of-hand could trade partial relief for some seniors’ programs by cutting other essential health security programs like Medicare and Medicaid, thus further eroding the tenuous economic situation many older Americans face.
Max Richtman via Huffington Post.
![Earlier this week, Members of Congress and allies met to discuss Social Security and the GOP Congress’ manufactured crisis.
““Seniors, I stand with you all the way [on Social Security].”
- Rep. Jan Schakowsky
“We are in a crisis right now. A...](https://64.media.tumblr.com/93d9258801da499ce7712598d0be22b4/tumblr_njo11hjqsI1qd3gmvo1_1280.jpg)
Earlier this week, Members of Congress and allies met to discuss Social Security and the GOP Congress’ manufactured crisis.
“Seniors, I stand with you all the way [on Social Security].”
- Rep. Jan Schakowsky“We are in a crisis right now. A retirement crisis. Not a Social Security crisis.” - Rep. Jan Schakowsky
“Stop manufacturing a crisis with the Social Security disability trust fund.”
- Senator Bernie Sanders“This week anyone earning a million dollars a year will have paid 100% of their payroll taxes for 2015.”
- Max Richtman
Congress needs to recognize that we have a retirement security crisis in our country & healthcare costs pose a significant challenge to seniors who receive an average monthly Social Security check of $1,300.
Some in Washington talk about a need for “entitlement reform.” That translates to possible cuts to Social Security, Medicare, or Medicaid — or all three. One crucial element should not be missed: These safety net programs work in tandem. Changes to one affect another. Just-released data show this is particularly true for older Americans, whose financial and health security depend on these programs working in concert.
A new report from the Kaiser Family Foundation lays bare this interdependence. Nearly three-quarters of retirees see little to no annual increase in their Social Security income after they pay their Medicare hospital and drug premiums.
Read more from this article via The Hill.
ACTION ALERT!
While we all want good highways, Congress should not pay for them by cutting Social Security for seniors, people with disabilities and their families.
Call: 800-998-0180 to be connected with your Representative and tell them Social Security is not their ATM to be used for non-related legislation.
