Social Security is also an important source of income for communities of color. African American parents are more likely than others to become disabled or die before retirement. African American children represent 12 percent of all children in the United States under age 18, but 21 percent of all children receiving Social Security benefits.
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#politics #social security #seniors #children #survivors benefits #retirees #elderly #older americans #p2 #entitlements #entitlement reform #retirement crisisSocial Security faces a long-term funding shortfall, but not because its benefits are too generous. In fact, they’re modest, and reckless benefit cuts could significantly boost poverty – particularly among the elderly but also among younger adults and children – a new analysis of Census data by my Center on Budget and Policy Priorities colleagues Kathleen Romig and Arloc Sherman finds.
via US NEWS.
Social Security is among the nation’s largest programs serving children. About 4.4 million American children receive approximately $2.7 billion in Social Security benefits each month because at least one of their parents is disabled, retired or deceased.
Discussions about Social Security in politics and the media often focus on its role as a retirement program that provides vital protections to seniors. But the fact is that Social Security provides vital retirement, disability, and survivors’ insurance for all generations of Americans. In addition to significantly reducing senior poverty, Social Security is the nation’s largest children’s program and lifted 6.9 million Americans under age 65 out of poverty in 2014. And no generation has a greater stake in the fight to protect and expand Social Security benefits than today’s young workers, the millennial generation.
via Talk Poverty.
There is a misconception that Social Security is just for “old people” when in fact, about 4.4 million American children receive approximately $2.7 billion in Social Security benefits each month because at least one of their parents is disabled, retired or deceased.
But they also call for switching COLAs to the Consumer Price Index for the Elderly or CPI-E, designed by the U.S. Bureau of Labor Statistics. The CPI-E would boost Social Security payments without worsening the system’s deficit.
via The Social Security Fix That Could Help the Poorest Retirees.
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But if the CPI-E determined the Social Security COLA, the expected average COLA would increase about 0.2 percentage points per year.
For 80 years, Social Security has provided a vital source of income for retirees, workers with disabilities and their families. Without it, more than half of all older Americans would fall into poverty.
Please sign our card now to celebrate Social Security’s Anniversary and to show that you want to preserve it for current and future generations.
May is Older Americans Month, but the Trump administration and Congressional Republicans are putting a serious damper on the celebration. Yes, candidate Trump promised not to touch Social Security, Medicare, and Medicaid.
But his administration has been actively undermining those pledges. Budget Director Mick Mulvaney — who once called Social Security a Ponzi scheme — questioned the legitimacy of Social Security Disability Insurance — and wouldn’t promise a Presidential veto of legislation to privatize Medicare (a pet project of House Speaker Paul Ryan).
President Trump champions the GOP’s American Health Care Act, which guts
Medicaid, undermines the solvency of Medicare, and allows insurers to
charge older Americans up to five times as much as people in their 20s.
For years, seniors have told us that they need their Social Security benefits boosted. They want fairer cost-of-living adjustments (COLAs) that reflect retirees’ true living expenses. They say it’s time for the wealthy to start paying their fair share in Social Security payroll contributions. Congressman John Larson’s Social Security 2100 Act would achieve all of that – and more.
The bill would keep the system solvent for nearly the rest of this century while modestly boosting benefits – and cutting taxes for retirees. Not only do seniors and advocates support this bill, the American public has affirmed the proposals that it embodies in poll after poll, across party lines and age groups.
Social Security kept 22 million people out of poverty in 2015, the center analysis shows, including 15 million seniors. Without their Social Security benefits, 40.5 percent of elderly Americans would have had incomes below the official poverty line; with Social Security, only 8.8 percent did (see chart).
via US News.
Congress needs to BOOST Social Security benefits for all working Americans.
Seniors rely on the mail for everything from bill paying to collecting #SocialSecurity benefits. We must #SaveTheUSPS! https://www.cbsnews.com/news/postal-service-louis-dejoy-delivery-10-year-plan/
