FOR IMMEDIATE RELEASE:
June 14, 2012
AARP: How Would You Strengthen Social Security?
New online tool helps users weigh the options for closing long-term funding gap.
WASHINGTON, DC – An interactive online tool unveiled today by AARP allows users to make their own choices about how to address the long-term financial challenges faced by Social Security. Using the You’ve Earned a Say Strengthen Social Security Tool, people can choose from a menu of the changes on the table in Washington and see how those options impact the funding gap. Those who complete the tool are given the opportunity to send a message to their members of Congress and the presidential candidates.
“Americans are frustrated with partisan Washington spin about the future of Social Security,” said AARP Executive Vice President Nancy A. LeaMond. “They want politicians to listen to them. The Strengthen Social Security Tool gives people an opportunity to get the facts and make their voices heard.”
The Strengthen Social Security Tool and its companion Strengthen Medicare Tool build on information released last week as part of You’ve Earned a Say – a national conversation about the future of Social Security and Medicare. Independent analyses of the pros and cons of the major Medicare and Social Security options on the table, along with fact sheets, infographics and questionnaires about how best to strengthen the programs, are available at www.earnedasay.org.
Social Security faces long-term financial challenges as the overall U.S. population ages, and contributions aren’t keeping up with longer life expectancies. According to the most recent Trustees report, Social Security can pay full benefits for the next 20 years, but only 75 percent of promised benefits after that. Some of the lead policy options that have been proposed to address the shortfall are highlighted in the Strengthen Social Security Tool.
“Americans who have paid into Social Security have earned the right to know the proposals that are being discussed in Washington,” LeaMond concluded. “They want politicians to consider how any changes would impact retirement security for them and their families.”
The Strengthen Social Security Tool, which is free and does not require site registration, can be accessed at www.aarp.org/strengthensocialsecuritytool.
AARP is a nonprofit, nonpartisan organization with a membership that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with nearly 35 million readers; AARP Bulletin, the go-to news source for AARP's millions of members and Americans 50+; AARP VIVA, our bilingual multimedia platform for Hispanic members; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.