If the debt ceiling is reached, the government will go into default. Once that happens, Social Security benefit payments hang in the balance as the Treasury decides what to prioritize their spending on. Unfortunately, the many senior citizens relying on their payments will not have the financial security they deserve.
The Social Security Statement is a tool to help people understand their earnings impact their benefit payments. A redesign aims to make it easier to read.
If a government shutdown ever occurs - what would it mean for Social Security beneficiaries?
Senior citizens rely on a fixed income each month. However, when a spouse passes, this income decreases—even with survivor benefit payments. The financial insecurity this creates is unacceptable.
COLA increases are supposed to help seniors keep up with inflation. However, the skyrocketing costs of healthcare continue to get in the way.
