After a lifetime of hard work, retirement should be a time of rest, joy, and security. Yet for too many Americans over the age of 82, it has become a season marked by financial stress and uncertainty.
The Elder Relief Act, currently awaiting approval in Congress, offers a much-needed lifeline. If passed, this legislation would boost Social Security benefits by $85 per month—an increase that could make a meaningful difference for seniors struggling to cover basic expenses.
On top of that, the bill proposes an annual 4 percent increase to ensure benefits keep pace with inflation and the ever-rising cost of living.
Why is this so important? Because retirement is becoming increasingly unaffordable. Skyrocketing healthcare costs and steep Medicare premiums are forcing many older adults to make impossible choices: Do they pay for life-saving medications or put food on the table? Cover rent, or refill a prescription?
Inflation has only made things worse for those living on fixed incomes. Every dollar has to stretch further, yet essentials keep getting more expensive.
The Elder Relief Act is a critical step toward correcting this imbalance. By increasing Social Security payments and indexing them to inflation, it offers seniors the financial support they need to access healthcare and other necessities, without sacrificing their well-being.
This legislation isn’t just about numbers on a check; it’s about preserving dignity in retirement. Congress must act quickly. Every day that passes without progress is another day older Americans are forced to live with uncertainty during a chapter of life that should be peaceful and secure.
Lawmakers now have the chance to make a real impact. Supporting the Elder Relief Act means standing up for millions of seniors and helping ensure they can retire with the dignity and stability they’ve earned.
Learn more about how we’re advocating for America’s seniors here.
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