For many seniors, working during retirement can be rewarding, offering social engagement and a sense of purpose. However, it’s concerning when older Americans feel they must work just to afford basic living expenses.
The reality is that Social Security and personal savings are often not enough for today’s retirees to live comfortably. According to recent data, a significant portion of seniors in the U.S. report that they lack adequate savings to fully retire, forcing them to seek part-time or even full-time jobs post-retirement.
A fair adjustment to Social Security benefits could help bridge this gap. With regular, balanced Cost-of-Living Adjustments (COLAs), Social Security could provide a stronger foundation, reducing seniors’ dependence on extra income or their own savings. This balanced approach would relieve financial stress on seniors while still allowing them the choice to work if they wish, rather than out of necessity.
Improving financial literacy can also make a difference in helping seniors feel prepared for retirement. By understanding budgeting, managing savings, and navigating investment options, seniors can make informed decisions that stretch their finances further. Our blog offers numerous posts on these topics, empowering readers to take proactive steps toward a secure and comfortable retirement.
It’s also important for retirees to know the rules around working while claiming Social Security. What if you start collecting Social Security before your full retirement age and continue working? Your benefits could be temporarily reduced if your income exceeds certain limits. Knowing these rules can help seniors plan ahead and avoid potential pitfalls.
A well-supported Social Security system would offer seniors the ability to live independently and securely, making retirement truly attainable without needing to worry about returning to the workforce.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
