Changes to Social Security That Affect Seniors’ Financial Security

3 changes to Social Security affect seniors' financial security
Photo courtesy of Pixabay.

According to Sam Swenson from The Motley Fool, there are three changes to Social Security that many probably don’t realize.

  • First, the trust reserves are expected to have a lifespan shorter than originally thought.
  • Second, the cost-of-living for 2021 is, as The Motley Fool puts it, “losing to inflation.”
  • Finally, seniors may not realize that the full retirement age is continuing to increase.

These three changes to Social Security are detrimental to the financial security senior citizens should have. That is why Senior Security Alliance is working hard to ensure our groundbreaking bill is passed. This bill provides seniors with seven guarantees, giving seniors more peace and security in their finances.

Learn more about our bill and how you can help us create this much-needed change by visiting our website here.

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