Social Security is a vital source of income for millions of older Americans. But if Congress doesn’t act to protect the program, retirees could see a 23 percent cut in their monthly payments in the coming years. Here’s what that could look like, per data provided by the Peter G. Peterson Foundation and Money Talks News:
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Retired workers currently receive about $2,005 each month. A 23 percent cut would drop that to roughly $1,544.
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Spouses of retired workers receive an average of $953. That would fall to about $734.
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Widows and widowers receiving survivor benefits now average $1,863 a month. After a cut, they’d get about $1,435.
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Children of deceased workers average $1,138 per month. A cut would reduce that to $876.
These numbers aren’t just math – they’re meals, medications, and also peace of mind. That’s why protecting Social Security matters now more than ever! Remember, no matter your age, income, or personal beliefs, we’ve all paid into this program and we all deserve to be paid back in full.
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!
