We have called on Congress to BOOST Social Security benefits for all working Americans.

“The mother of all political battles is coming, and it’s about a wall.
No, not that one. It’s another, much bigger wall. One that fewer people are talking about — so far.
It’s the wall that Social Security is due to run into in just 15 years.
That’s... — The mother of all political battles is coming, and it’s about a wall.
No, not that one. It’s another, much bigger wall. One that fewer people are talking about — so far.
It’s the wall that Social Security is due to run into in just 15 years.
That’s when, say Social Security’s trustees, the program’s trust fund is scheduled to run out of money. If nothing else is done, they say, after 2034 Social Security’s annual income will only be enough to pay “about three-quarters of scheduled benefits.”
We’re talking about a 25% cut in payments.
via MarketWatch.
**Related Reading:**
**We have called on Congress to BOOST Social Security benefits for all working Americans.**

Source: bit.ly

politics social security social insurance seniors elderly older americans retirement retirees retirement crisis retirement age retirement security entitlements entitlement reform earned benefits p2 trump donald trump

See more posts like this on Tumblr

#politics #trump #donald trump #social security #social insurance #seniors #elderly #older americans #retirement #retirees #retirement crisis #retirement age #retirement security #entitlements #entitlement reform

More you might like

President Roosevelt’s vision has most certainly endured. Today, Social Security provides some 61 million Americans and their families with basic financial security upon retirement or disability. For older Americans, Social Security can mean the... — President Roosevelt’s vision has most certainly endured. Today, Social Security provides some 61 million Americans and their families with basic financial security upon retirement or disability. For older Americans, Social Security can mean the difference between financial well-being and poverty. Two out of three seniors rely on Social Security for most of their income, and one-third of seniors depend on it for at least 90% of their income. Public polling consistently shows that Social Security enjoys overwhelming support from majorities of Americans across party lines.
Over the years, Social Security has been modified (with bipartisan support) to expand benefits and keep the system financially sound. This year, Social Security has come under new threat from budget hawks in the Trump administration and on Capitol Hill. But as generations of Roosevelts have
shown us, Social Security is worth fighting for. On this, Social Security’s 82^nd anniversary, we at the National Committee recommit ourselves to preserving this landmark program for current and future generations of Americans.
**Read more from our blog post here marking this anniversary by clicking here.**

Source: bit.ly politics social security retirement entitlements entitlement reform retirees retirement crisis retirement security p2 older americans elderly social insurance SocSec82 seniors

“In 1935, President Franklin D. Roosevelt signed into law the great Social Security program. It was designed to give workers an income after retirement.
Today, it’s not so great. The tiny Social Security increase that will be bestowed on retirees and... — In 1935, President Franklin D. Roosevelt signed into law the great Social Security program. It was designed to give workers an income after retirement.
Today, it’s not so great. The tiny Social Security increase that will be bestowed on retirees and the elderly in January is a cruel fraud perpetrated by the government. That’s because increases in Medicare Part B and Part D insurance premiums will negate all of the Social Security 2% cost of living increase for many recipients. Instead of staying even, we’ll fall behind.
I just got my annual benefits letter from Social Security. It says I will get $24 a month more next year. However, after the Medicare premium increases, my new Social Security check will be $3.40 a month less than the one I currently get. (The government deducts Medicare premiums from Social Security checks.)
**More on this topic can be read by clicking here.**
**Related Reading:**
2018 Social Security COLA Won’t Meet Seniors’ Needs.
The just-announced 2.0% cost-of-living increase (COLA) for Social Security beneficiaries is woefully inadequate. The 2018 COLA translates into a paltry $27 a month for the average recipient, barely enough for a prescription co-pay, a tank of gas, or a bag of groceries.

Source: bit.ly politics social security COLA cost of living adjustment seniors retirement retirees retirement crisis entitlements entitlement reform social insurance elderly older americans healthcare health care p2

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.

Related Reading:

Why Seniors Need a CPI-E.

But if the CPI-E determined the Social Security COLA, the expected average COLA would increase about 0.2 percentage points per year.

Source: bit.ly politics cpi-e elderly older americans COLA cost of living adjustment seniors retirement retirees retirement crisis entitlements entitlement reform social security social insurance p2

lindasanchez.house.gov

Reps. Linda Sánchez Introduces Strengthening Social Security Act of 2016

Washington, DC – Representatives Linda Sánchez (D-CA), Mike Honda (D-CA), and Mark Pocan (D-WI) along with 45 original co-sponsors today introduced H.R. 5952, the Strengthening Social Security Act of 2016:

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.”
via Representative Linda Sanchez.

Source: bit.ly social security politics seniors retirement entitlements p2 entitlement reform retirees retirement crisis older americans elderly strengthen social security act social insurance

“Retirement, Social Security and long-term care:
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social... — **Retirement, Social Security and long-term care:**
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social Security, only 25% say some reductions in benefits for future retirees will need to be made, while 74% say benefits should not be reduced in any way.
via Pew Research.
**Related Reading:**
We believe Social Security benefits should be BOOSTED for all working Americans.
**Sign our petition asking Congress to BOOST Social Security benefits for all working Americans by clicking here.**

Source: bit.ly politics seniors social security social insurance earned benefits elderly older americans retirees retirement crisis retirement entitlements entitlement reform boost social security p2 long-term care

“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;... — 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.
Related Reading:
Congress needs to BOOST Social Security benefits for all working Americans.

Source: boostsocialsecuritynow.org social security seniors politics elderly entitlements retirement retirees retirement crisis entitlement reform social insurance older americans p2 congress

“The conservative argument that the retirement crisis is a myth has been based on the notion that Americans actually will have far more in retirement resources than they recognize — particularly that Social Security benefits will amount to a much... — The conservative argument that the retirement crisis is a myth has been based on the notion that Americans actually will have far more in retirement resources than they recognize — particularly that Social Security benefits will amount to a much larger percentage of workers’ lifetime income than has been assumed. Ergo, there’s no need to expand Social Security to give retirees more.
via Los Angeles Times.
Further Reading:
Letter Endorsing Social Security Expansion Act.

Source: ncpssm.org social security politics andrew biggs news entitlements retirement retirement crisis entitlement reform p2 retirees social insurance seniors older americans elderly

Social Security is the most important retirement benefit for most American workers - it provides at least half of the income for 48 percent of retired couples, and for 71 percent of single seniors, according to the Social Security Administration. Also, Social Security benefits kept 22.1 million seniors, working-age adults and children out of poverty in 2015 according to an analysis of Census data released this week by the Center on Budget and Policy Priorities.

via REUTERS.

NCPSSM — The mother of all political battles is coming, and...

See, that’s what the app is perfect for.