August marks the 86th anniversary of the Social Security Act, an earned benefit that provides critical financial support to both current and future generations of retirees. Since the 1930s, seniors across our nation have relied on this program to secure the dignified retirement they deserve. In retirement, millions of seniors in our country depend on Social Security for most of their income.
In our district alone, there are 140,574 Social Security beneficiaries. It’s the money they use to buy groceries, fill up their gas tank, and pay their bills. Without Social Security, not only will they lose that dignified retirement they all deserve, but also we will lose a key driver of our local economy because an overwhelming number of Social Security recipients spend their monthly checks locally.
That said, Social Security is facing a real budget shortfall that requires congressional action. That’s why I am an original cosponsor of the Social Security 2100 Act. This legislation would help increase the program’s longevity and ensure Social Security remains strong for our kids and grandkids.
We must continue to fight to ensure Social Security continues to fulfill its promise to men and women who worked hard, played by the rules, and paid into the system all their lives.
Rep. Mike Thompson