Insider’s Report: Social Security Remains Strong


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Insider’s Report: Social Security Remains Strong

The 2015 Trustees Report on Social Security makes one thing clear: Social Security continues to demonstrate its strength, in good times and bad, as the foundation on which America’s retirement security rests.

In fact, according to the latest Trustees Report, Social Security will be able to pay full benefits for many years to come — until 2034. Thereafter, there will still be enough income coming into the program to pay 79% of all benefits owed.

Yet, despite 80 years of success as a vital source of income for retirees, workers with disabilities and their families, Social Security has never been in more political danger than it is right now … 

Read our analysis of the 2015 Social Security Trustees Report here.

Good Bills

H.R. 3150: “One Social Security Act”: The National Committee endorses this bill, introduced by Rep. Xavier Becerra (CA-34), which would merge the two existing Social Security Trust Funds into a single unified Social Security Trust Fund. By doing so it would resolve a looming problem that threatens the economic security of 11 million workers with severe disabilities and their families who depend on Social Security, which is the impending depletion of the Disability Insurance (DI) Trust Fund. The shortfall in the DI Trust Fund has been used by some lawmakers to pit current and future Social Security retirement beneficiaries against workers with disabilities. The bill would ensure that the entire Social Security program is fully financed through 2034.

Read our letter to Congress endorsing this legislation.

Social Security’s Economic Impact on Your State

Families spend $816 billion in Social Security benefits nationwide each year. When 57 million Americans use the purchasing power of those benefits, they are supporting local businesses and state economies with billions of dollars they simply wouldn’t have without Social Security. Unfortunately, this economic reality has been ignored by Washington’s well financed anti-Social Security lobby as it continues to try and convince Congress to cut middle-class benefits. The National Committee has released state-by-state snapshots of how much revenue Social Security spending contributes to the economy of every Congressional District in each state and U.S. territory, and even in Washington, D.C. itself.

Find out Social Security’s impact on your state’s economy.

Ask Mary Jane

Ask Mary Jane

Mary Jane is an expert in the field of Social Security and Medicare policy. The Wall Street Journal has even recognized the National Committee’s Ask Mary Jane as “the best source of help for questions about Social Security.” For older Americans who are puzzled about the Social Security benefits they are entitled to, or confused about how to obtain them, our Ask Mary Janequestion-and-answer column is a “must-read.”This week’s Ask Mary Jane question is: My wife retired nine years ago at age 62. She has since become disabled. Can she file for disability benefits? If so, how does she go about it?

Click here to read the answer.

recent_headlineRecent Headlines

Max Richtman Discusses Social Security Trustees Report [AUDIO] (July 23, 2015, KTNF — 20:26 min, audio only)

House GOP Looks Ahead to Huge Medicare Overhaul in 2016 (August 10, 2015, National Journal, Dylan Scott)

Social Security at 80: Lessons Learned (August 14, 2015, Huffington Post, Nancy Altman)

Up and Down the Line, the Presidential Republican Candidates Want to Destroy Safety Net (August 15, 2015, Alternet, Joe Conason)

About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
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