Statement by AARP’s John Hishta on Presidential Debate: Presidential Candidates and Moderators Leave Voters Guessing on Social Security
WASHINGTON, DC — “Opinions on who won Sunday night’s Presidential debate will vary but who lost is clear: the millions of American voters who want to understand how the candidates would keep Social Security strong for future generations,” AARP Senior Vice President, Campaigns, John Hishta said.
Iowans are invited to attend an upcoming Social Security solutions forum in their community this fall to discuss the importance of Social Security to the economic security of Iowans for generations to come.
Over 50% of those 65+ in the US rely on Social Security for most of their family income. Though America has evolved over the last 80 years, Social Security has not. With no change to current policy and spending, Social Security can only continue to pay out full benefits until 2034.
Social Security has helped nearly 250 million Americans in its 80-year history. But as America evolved over those 80 years, Social Security didn’t foll ow. Social Security faces both short- and long-term challenges. Social Security can pay full benefits for nearly 18 years. However, if no action is taken, benefits will be cut by nearly 25% in 2034 across the board.
It’s a promise that’s been kept for generations. You pay into Social Security, you get the benefits you earned. But to keep that promise for future generations, Social Security needs to be updated for the 21st century.
Tuesday, November 3rd was election day and the business of state government slowed this week while the results are analyzed. Let’s join the crowd.
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