Why We’ll Likely Hear a Lot More About Social Security as the Election Nears

Social Security will be a key issue for voters in this upcoming election. A poll by CNBC found that nearly 70 percent of people questioned ranked Social Security as “one of the top” or a “very important” issue. According to an article by CNBC, voters say the candidate’s stance on Social Security reform would be a major factor in their vote.

And time is running out for Congress to take action to secure Social Security. Its trust fund is expected to be depleted by 2033, at which time it will only be able to pay out about 80 percent of promised benefits.  

Before you head to the ballot box, you might want to see what your lawmakers are doing to ensure Social Security’s solvency. The Seniors Trust believes the best option is to enact The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, provide a fair annual cost-of-living adjustment (COLA), increase minimum benefits, and ensure the long-term solvency of the Social Security program for retirees today and tomorrow.