Social Security News for Senior Citizens
Social Security News
Social Security receives little attention in Presidential Campaigns; AARP wants seniors to act
67% of AARP Members Cite Social Security’s Future as Their #1 Concern in Survey; roundup of Social Security news below news story
Sep. 30, 2016 -AARP, a sponsor of the presidential debates, sent a letter to moderator Lester Holt before the first debate urging him to ask the candidates for their plans for maintaining the security of Social Security. He didn't and that highlights the unusual lack of interest in this critical government program. AARP now wants seniors to start using social media to get the attention of the political candidates focused on Social Security (See details in box).
"The Social Security system faces a significant revenue shortfall that, while still a number of years away, would result in a nearly 25 percent, across-the-board benefits cut for all Social Security recipients, if left unaddressed" states AARP in a news release. "Despite the high stakes, the issue has been largely ignored in this election."
The letter to Holt, stated, “Social Security affects not just the 60 million people who rely on its benefits today, but also the 170 million people who pay into the program with each paycheck and are counting on it for tomorrow”, and goes on to lament the lack of clarity and specificity provided on the issue of Social Security, to date, by both candidates.
“Hillary Clinton and Donald Trump have provided some information on how they would address Social Security’s challenges but critical facts are missing.
“Secretary Clinton has spoken of expanding Social Security benefits for caregivers and widows and increasing taxes on high earners to pay for these changes, but she hasn’t laid out the details about how she would pay to expand the program that already faces a shortfall.
"Mr. Trump has said he would keep Social Security sound by targeting fraud and improving economic growth without cutting benefits. What kind of growth rate is he talking about, and is he considering other changes to the program?”
AARP pointed out that Social Security doesn’t receive the attention it deserves from candidates or media. But in a recent nationwide survey of more than 23,000 AARP members, all age 50 and over, 67 percent of poll respondents ranked the future of Social Security as their number-one concern, AARP said.
After the debate, AARP Senior Vice President, Campaigns, John Hishta said, "Americans who are working hard and paying into Social Security were the real losers at tonight’s debate.
“In this issueless campaign, the debate was the best chance for voters to get real answers on how the presidential candidates would keep Social Security strong for future generations. If our leaders don’t commit to act, future retirees could lose up to $10,000 per year."
The letter to Holt was sent as part of Take A Stand – a national campaign to press the Presidential candidates to commit to taking real action to keep Social Security strong.
AARP said it will send similar letters to all moderators of future Presidential debates, including Martha Raddatz of ABC News and Anderson Cooper of CNN, Elaine Quijano of CBS News, and Fox News's Chris Wallace.
>> AARP Guide to Politics