Social Security and Retirees
Retired Americans are in a unique financial situation. While working people may have financial options such as changing jobs or even adding a side job, retirees are often stuck with the income they have regardless of the fluctuating economy.
The Impact of Economic Turbulence
As economic turmoil continues and inflation impacts us all, retirees face even more challenges. With high Medicare premiums and rising prices everywhere, it is very difficult for Americans to live on a fixed income. This is only a small part of why older Americans often suffer the most during tough economic times.
How Important is Social Security in 2024?
Despite the economic challenges seniors face, some question whether Social Security is really necessary in 2024. Some lawmakers propose cuts to the program, while others may not be actively working against it, but are clearly not making it a priority.
The fact is that older Americans need Social Security benefits more than ever. We think that a bill we call the Elder Relief Act is the best way to ensure that retirees get the benefits they need. Learn more here.