According to this article by National Interest, a new bill has been introduced to the House of Representatives. The article explains that this proposal was created to “reduce poverty among elderly Americans.”
The proposal was presented by Wisconsin Representative Gwen Moore, CNBC reports. The Social Security Enhancement and Protection Act, as the bill was named, provides three proposals intended to expand benefits for senior citizens nationwide.
Is It Enough? What Is It Missing?
While this legislation may be a great place to start a conversation, it does not provide enough support for seniors to achieve more financial security. In fact, there are various aspects that remain overlooked.
This proposal does not address the impending insolvency Social Security Trust Funds are facing. Unfortunately, unless addressed, this will lead to reduced benefits for beneficiaries, many of whom rely on every penny of their fixed income.
Additionally, this bill does not address the unfair COLA calculations. These calculations are not based on the spending habits of senior citizens, nor do they consider one of the biggest expenses many seniors face—healthcare costs.
These two issues are daunting for many senior citizens. Without a solution, financial security can seem inconceivable. Luckily, we have a solution.
How We’re Working To Help
Senior Security Alliance was created to help ensure seniors nationwide have a more financially secure future. As such, we have created a groundbreaking piece of legislation that can help.
Our bill, The Senior Citizens Bill of Rights, provides senior citizens with seven guarantees. These guarantees vary from guaranteeing their benefits are never cut to guaranteeing recognition for the hard work provided as they worked in the workforce.
Still not convinced? Check out the results of our latest survey. These results verify our claims: seniors need more guarantees to feel financially secure, and that’s where our groundbreaking piece of legislation comes in.
