By 2033, if Congress doesn’t take action soon, the Social Security trust fund will be insolvent. If that happens, Social Security beneficiaries will see as much as a 24% cut to their benefits. With only 76% of the program funded by annual tax revenue, there simply won’t be funds to cover the rest of these benefits.
Ask any senior, and they’ll tell you—a benefits cut would create financial insecurity that would ripple out across the country. And the numbers agree. According to the National Council on Aging, a 24% cut to Social Security benefits would be devastating. They estimate that more than 15 million seniors in the U.S. are economically insecure. Such a drastic reduction in benefits would leave many seniors without the income they need.
How can you help? The Seniors Center is fighting to protect the future of Social Security. We’re calling on our nation’s lawmakers to keep the Social Security trust fund safe. Greedy politicians in Washington shouldn’t be able to raid the trust fund for their own pet projects. If you’re ready to make your voice heard, sign our petition today. Then, follow The Seniors Center on Twitter and Facebook so you never miss an update.