The Future of Social Security Benefits

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future of social security
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Whether you’re taking your Social Security benefits now or will be soon in the future, you might wonder what to expect in years to come. Retirees have worked hard for their benefits, and the potential for cuts can be worrying.

According to a recent Yahoo! Finance article, 70% of Americans have concerns about the future of Social Security. In the past, the Social Security Administration has collected more than necessary. This has built a trust fund which the program draws from to pay benefits. While this reserve is projected to run out in 2034, their experts say that Americans shouldn’t worry. They cite the chief economist at the Bipartisan Policy Center, who notes that Congress needs to act in order to protect benefits.

At NORA, we want all Americans to feel confident in the future of their Social Security benefits. That’s why we’re asking Congress to pass The Guaranteed 3% COLA for Seniors Act. Learn more about this bill today. Then sign our convenient online petition to demand that Congress makes seniors a priority.

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