What Does The Greatest Generation Benefits Act Mean for Seniors?
Social Security benefits should allow seniors to live without financial hardship after a lifetime of work. Unfortunately, these benefits are not enough for many older Americans to live on. This is unacceptable. The Greatest Generation Benefits Act can help to change this.
Why Isn’t Social Security Enough for Seniors?
The problem with Social Security is that benefits do not keep up with inflation. While annual COLAs (Cost-of-Living Adjustments) are intended to address this issue, they fail miserably. These increases are simply the bare minimum and do not meet the needs of the average senior. The 8.7 percent 2023 COLA was the highest retirees have seen since 1981 and yet it still wasn’t enough for many struggling with high inflation. What’s worse, next year’s COLA is expected to be closer to 3.1 percent.
How ‘The Greatest Generation Benefits Act’ Would Increase Benefits
Older Americans who rely on Social Security should not have to struggle to afford both food and medication. And those who don’t rely as heavily on Social Security still deserve the money they earned. The bill we call The Greatest Generation Benefits Act would allow seniors the financial security that they earned. This legislation would give seniors aged 82 and over an additional $85 a month plus an increase of 4 percent every year after. This change would provide older Americans with the financial resources they need and deserve. While this change would help greatly, there is still work to be done to make it a reality.
Help Create the Change Older Americans Need
To make this vital change happen, we are calling on Congress to pass this bill immediately. This is a lifeline our seniors need, and it can’t wait anymore. To get things moving, we need more Americans to stand up and speak out in support of the greatest generation. Together, it is possible to change the lives of these great Americans who are now counting on us. Please sign our petition and spread the word on Facebook and Twitter. And please feel free to send us a message!
