Social Security was never intended to fully replace your income when working. Despite that fact, millions of Americans rely on this program for their retirement income.
With nearly 54 million people currently receiving Social Security benefits, an article by Yahoo! Finance examines how much they are actually receiving. Citing the Social Security Administration, the article points out that “if you claim benefits at your full retirement age, benefits replace about 79 percent of pre-retirement income for very low earners, about 43 percent for medium earners, and about 28 percent for maximum earners.”
Council of Seniors is Here to Help Older Americans
Older Americans worked long and hard and deserve to live a comfortable retirement free from financial strain.
All of us here at the Council of Seniors want to improve retirees’ financial futures – and that starts with Congress enacting The SAVE Benefits Act. The passage of this bill can make up for Social Security cost-of-living adjustments (COLAs) that have let you down in recent years. If it passes, $581 will be returned to eligible seniors.
Sign our petition right now to show you’re on board with our effort.