Many older Americans rely on Social Security benefits to get by in retirement. Unfortunately, the system is far from ideal.
Here are some of the biggest issues retirees deal with.
- Benefits are not enough — The cost of living significantly outpaces retirement benefits for those relying on Social Security.
- Politics gets in the way — Budgetary disputes in Congress and potential government shutdowns threaten senior’s access to benefits.
- Social Security is not adaptable — the cost-of-living adjustment (COLA) fails to keep up with actual costs for older Americans, and Social Security is not ready to withstand economic and cultural change.
For these reasons and more, American retirees need to see a change to the Social Security system and they need to see it soon.
We are working to make retirement more affordable for millions of Americans. Check out what we are working on here.
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