President Trump delivered his first speech Tuesday night to a joint session of Congress, discussing his budget blueprint for the coming fiscal year which includes a $54 billion increase in defense spending, a large cut in funding for the Environmental Protection Agency– and “no changes” to Social Security and Medicare. As of January, 66 million Americans were receiving Social Security, Supplemental Security Income payments, or both, according to the program’s website.
Category: Sam Johnson
In Case You Missed It, Democrats Also Have a Bill to Completely Reform Social Security
More than 41.2 million retired workers receive Social Security checks each month, and for most that check represents at least half of their monthly income. Social Security is, and is expected to remain, a means by which a large percentage of seniors avoid living in poverty.
Republicans’ Sweeping Social Security Reforms Could Be Just What the Program Needs
For many working Americans, Social Security is a program that’s probably out of sight and out of mind. For those on the doorstep of retirement or currently retired, Social Security is more likely than not a vital income source that helps them make ends meet.
Republican Efforts to Reform Social Security Could Financially Cripple Most Seniors
Just how important is Social Security? According to the Social Security Administration , better than 6 in 10 seniors are currently reliant on their benefits to make up at least half of their monthly income. A recent poll from Gallup also found that more than 8 in 10 pre-retirees will rely, to some degree, on Social Security income during retirement.