Celebrating Social Security’s 80th Anniversary

En español | On the morning of Aug. 14, 1935, Americans awoke in a country vastly different from the one we know today. The Great Depression had brought us to the point where, in the words of President Franklin D. Roosevelt, “one-third of the nation [was] ill-housed, ill-clad [and] ill-nourished.” Suffering the most were America’s elderly. Nearly half of our older population in 1935 lived in poverty! At approximately 3:30 on that August afternoon, President Roosevelt signed the Social Security …

New AARP Survey: Americans of All Ages Support Social Security

En español | As Social Security celebrates its 80th birthday, the program remains as popular as ever among all age groups, although some people are skeptical and confused about its long-term financial outlook. Those are a couple of the findings in AARP’s new report “Social Security 80th Anniversary Survey Report: Public Opinion Trends,” released Aug. 13. AARP has measured the attitudes of Americans ages 18 and older about Social Security periodically since 1995, most recently in June. Social Security Calculator: …

2016 Social Security COLA? Don’t Bet on It

En español |  Nearly 60 million Social Security recipients will probably not get a cost-of-living increase next year, according to projections in the 2015 Social Security and Medicare trustees reports. This would be the third time Social Security beneficiaries have gone without a cost-of-living adjustment (COLA) since 1975, when automatic raises were put into place. The COLA this year was 1.7 percent, making the average monthly check for retired workers $1,334 as of May. Increases in benefits are tied to …

Social Security Outlook Improves, but Disability Needs Urgent Action

The financial health of Social Security has improved slightly in the past year, with the system expected to exhaust its reserves to pay benefits in 2034, a year later than previously projected, according to the 2015 Social Security Trustees Report, released July 22. At that time, if Congress has taken no action, Social Security will have enough payroll taxes coming in to cover 79 percent of promised benefits for another 56 years, the report said. The annual report forecasts the …

White House Conference Turns Spotlight on Aging Issues

President Barack Obama and a host of experts and advocates for older Americans gathered at the White House July 13 to discuss a variety of issues about aging in America. Government programs such as Medicare, Medicaid and Social Security are great triumphs, Obama told nearly 200 attendees at the White House Conference on Aging, which since 1961 has been held about once a decade to help chart the course of policies on aging. More than 600 “watch parties” were held …

AARP Praises House Ways and Means Committee Effort to Find Bipartisan Solutions on Social Security

On July 9, House Ways and Means Committee Chairman Paul Ryan (R-WI), in his opening statement in the House Ways and Means Committee, said, “Subcommittee Chairman Sam Johnson has been working on solutions all year.” And a few months back, he laid out four principles for reforming disability insurance (DI) — all of which I fully endorse: “First, no 20 percent cut. Full stop. Not gonna happen. Second, make sure all benefits are paid on time. Third, make the program …