AARP issues statement on Social Security COLA

WASHINGTON, DC — COAARP released the following statement from AARP CEO Jo Ann Jenkins in response to the announced cost of living adjustment (COLA) for Social Security beneficiaries in 2017:

“As we head in to our final presidential debate, having largely ignored discussion of some major issues facing our nation, one issue that demands attention from the candidates and moderators is the future of Social Security. And with today’s small 0.3 percent COLA increase announcement for Social Security beneficiaries, candidates have yet another opportunity to address this issue.

“Over the last five years, Social Security COLA’s have remained small or nonexistent at 1.7 percent or lower, even though every cent can matter to beneficiaries and their families. After last year’s zero COLA, this year’s announcement doesn’t offer much help to the millions of families who depend on their Social Security benefits.  As prescription prices skyrocket and Medicare premiums and other health costs increase, many older Americans have understandable concerns. Along with many groups, AARP has also asked Congress to ensure that Medicare premiums and deductibles don't skyrocket next year.

“In our final presidential debate of 2016, we urge the moderator to finally question the candidate on Social Security and get them to Take a Stand. Voters need to hear candidates’ positions on our largest and most important program before they cast their votes.