Seniors are struggling because Social Security benefits are not enough to keep up with costs. Benefits should help older Americans live without financial hardship after decades of work. Social Security retirement benefits, however, are not enough for older Americans to live on alone. However, “The Elder Relief Act” can help.
Why Isn’t Social Security Enough?
The problem with Social Security is that benefits do not keep up with inflation. While annual COLA (Cost-of-Living Adjustments) is intended to address this issue, they fail to do so. Unfortunately, these increases are very minimal and are not enough for the needs of the average senior. The 2024 COLA, for example, is only 3.2 percent
How ‘The Elder Relief Act’ Would Increase Benefits for Seniors
Older Americans who rely on Social Security should not have to struggle after spending years of their lives working and sacrificing. It shouldn’t be a challenge to afford both food and medication. And those who don’t rely on Social Security still deserve the money they earned.
The increase under a bill we call “The Elder Relief Act” would allow seniors the financial security that they earned. This legislation would give seniors aged 82 and over an additional $85 a month plus an increase of 4 percent every year after. This change would provide older Americans with the financial resources they need and deserve. While this change would help greatly, there is still work to be done to make it a reality.
Help Create the Change Older Americans Need
To make this important change happen, we urge Congress to pass this bill immediately. This is a lifeline our seniors need, and it can’t wait anymore.
To get things moving, we need more Americans to stand up and speak out in support of the great Americans who gave so much and now get the least.
Reach out to your Congressman and tell them it’s time for change.