The midterm elections are next month, and Social Security reform is shaping up to be a big issue on the minds of voters.
According to an article by CNBC, senators elected this November will be in office at the end of 2032. That’s when the Social Security trust fund used to pay retirement benefits is expected to run dry. Without intervention by Congress, benefits could be slashed by 22 percent.
New research by the non-partisan Peter G. Peterson Foundation finds that “81 percent of respondents in states with competitive Senate races say they are more likely to vote for candidates with plans to avoid automatic Social Security benefit cuts than for a candidate ‘who promises not to touch Social Security.’”
A survey of registered voters in Georgia, Michigan, North Carolina, Ohio and Texas — all key battleground states — found that 91 percent support Social Security reforms; this includes 92 percent of Republicans and 90 percent of Democrats surveyed.
It will be interesting to see what happens in November. Will voters elect lawmakers committed to shoring up Social Security?
Council of Seniors Is Here To Help Older Americans
Solving the insolvency crisis is just part of the problem plaguing our Social Security system. Retirees are struggling financially because benefits do not keep up with inflation. The cost-of-living adjustment (COLA) has not been sufficient, causing millions of seniors to struggle.
Older Americans worked long and hard and deserve to live a comfortable retirement. 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.