Election Day is here. We hear all about various politicians’ plans for the country through campaign ads and debates, but it seems like something important is missing from the discussion.
While there are many important issues to address, it seems that fixing Social Security is not that high on the list. If Social Security reform was a priority, the system would not continue to fail retirees year after year. This election season, we’ve been working to let our representatives know that Social Security is a priority for older Americans.
Seniors are struggling
While people of every age may face economic challenges, seniors face more expenses than many of their younger counterparts. High Medicare premiums and rising healthcare costs present significant financial hurdles for retirees.
Social Security is broken
Social Security has failed older Americans for a very long time. Benefits are far too low, and minimal increases do not address the full impact of rising costs for seniors. COLA increases are intended to keep benefits in line with inflation, but the 3.2 percent cost-of-living adjustment in 2024, once again, failed to meet the needs of retirees.
America’s leaders need to work on increasing benefits
Social Security should help people to live comfortably in retirement. However, those who do not have additional retirement or savings, struggle to survive on Social Security Benefits alone. Many retirees expect a lot more from the system they’ve paid into than what they ultimately receive. A Social Security increase would provide seniors with a living wage and a sufficient income in retirement. This is a change that older Americans desperately need.
Congress must pass The Elder Relief Act
We believe that a bill we call The Elder Relief Act is the change older Americans need. This bill would immediately provide an $85 increase to monthly Social Security benefits. Furthermore, the proposed legislation would guarantee a minimum 4 percent increase every year after. This legislation would be life-changing for so many Americans.
If you agree that older Americans deserve more, let your Congressman know, and be sure to check back here for the latest updates.
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