Social Security provides vital income protection to workers and their families. Social Security is more than a retirement program.
AARP believes that successful proposals to achieve Social Security solvency and adequacy and to update the program should adhere to the following principles:
Some proposals for Social Security’s long-term solvency would require a reduction or elimination of benefits for people with incomes above a certain threshold.
Recipients of Social Security benefits generally receive an annual cost-of-living adjustment (COLA) to account for changes in prices, also known as inflation.
As people consider retirement they must decide when to claim their Social Security benefits.
Universal coverage—about 94 percent of American workers participate in Social Security.
Under current law, Social Security benefits cannot be garnished to repay private debts, including secured debts (private mortgages) and unsecured debt (credit card debt).
Social Security rules limit the amount of earnings a worker can earn while maintaining the payment of full benefits.
Social Security Disability Insurance (SSDI) covers most people who work and pay Social Security taxes.
Social Security Disability Insurance (SSDI) faces significant administrative challenges, largely due to the continuing failure of Congress to adequately fund the Social Security Administration (SSA