The Latest on Social Security
The Social Security Administration uses cost-of-living adjustments to help your benefits keep up with the pace of inflation. The 2021 COLA will be 1.3%. Here’s what that means for your check.
There are two things I agree with when Social Security is discussed: 1) It needs sustainable funding for the future and 2) It’s a great program that’s worth expanding.
Some of America’s wealthiest recognize the inherent unfairness in the system.
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This campaign builds upon the growing public support for expanding Social Security.The Boost Social Security Now education campaign will inform and mobilize our membership, grassroots networks and on-line communities to convince Congress that now is the time to boost benefits, not cut them.
Social Security is the major source of income for most of America’s elderly with 46% of retirees depending on Social Security for 90% or more of their income and an average monthly benefit of just $1,269. The Social Security COLA has averaged just over 1% over the past five years with 0% for two of those years, far below the largest spending increase seniors’ face, which is spending on health care.
We are not alone. Boost Social Security Now is not just about one organization lobbying for change. It’s about members of Congress, advocacy groups, members of the press and grassroots activists who are all working to change the viewpoint of our nation’s leaders. Here are some of The National Committee’s allies and friends who are also working to redirect Washington’s perspective from cutting benefits to expanding them.