Social Security reform is a vitally important issue as many seniors rely on these benefits and do not get the most out of them. Unfortunately, Social Security is not enough for many Americans.
Those expecting to receive livable benefits in retirement are often shocked by how little they actually get. A change needs to happen and it needs to happen soon.
Social Security Benefits are Still Not Enough in 2024
Many Americans spend their lives working and assuming that Social Security will be there for them when they reach retirement age. Sadly, retirees without large savings often find they barely have enough to live on.
Benefits are less than a living wage and fail to keep up with rising medical costs every year. The Cost-of-Living Adjustment (COLA) falls consistently below where it needs to be for inflation.
Those Who Gave the Most, Get the Least
Members of the greatest generation brought America through World War II and the Korean War. They gave so much and sacrificed for a country that now seems to forget them.
Our heroes should not have to struggle to live in their older years. Unfortunately, this is exactly what’s happening to many Americans. They gave so much and now do not get what they earned.
How The ‘Elder Relief Act’ Would Improve Social Security
Social Security Benefits have been unacceptably low for a long time. Cost-of-living increases amount to practically nothing when compared to inflation rates. The Elder Relief Act bill would greatly increase benefits for Americans aged 82 and over.
This would include an additional $85 a month plus a significant annual increase. We believe that this is the best option to finally give members of the greatest generation what they have earned.
Make sure to check back and follow 82 & Up to stay in the loop about this legislation and more.