To the Editor,
1) Over 62 million Americans will receive $995 billion in benefits in 2017. 2) 171 million workers are covered by Social Security. 3) Retired workers account for 71% of benefits paid. 4) Disabled worker and survivors comprise the remainder. 5) Approximately 90% of workers are protected in the event of a long-term disability. 6) Roughly 96% of those aged 20 to 49 have survivor’s insurance protection. 7) 61% of seniors rely on Social Security for half of their income. 8) 43% of unmarried seniors are almost wholly reliant on Social Security. 9) The average 65 years old will live about 20 years. 10) The elderly population is set to grow by 65% in 18 years. 11) The worker-to-benefit ratio will decline by 21% by 2035. 12) 31% of workers report having no money set aside for retirement.
There is a plan being hatched in Washington to change the name of Social Security and to decrease benefits. You need to contact your congressional member, senator or office of the president to voice your concerns to not cut or rename Social Security but to strengthen it. This is too important to not get involved.
Jerome Begnaud, Waxahachie