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AARP Statement on 2016 Social Security Trustees Report

Candidates for Office Must Take a Stand

CONTACT:
Josh Rosenblum, 202-434-2560, media@aarp.org, @AARPMedia

En español | WASHINGTON, DC – AARP CEO Jo Ann Jenkins offered the following statement in reaction to the Social Security Trustees report released today:

“The Social Security Trustees report comes this year at an opportune time to remind us that Americans want to live independently as we age, so as we watch parades, and fireworks and wave our flags during upcoming July 4th celebrations, we also have an opportunity to ask candidates running for office what they would do to update the popular icon of Social Security if elected.

“We must ask our Presidential candidates to commit to action on Social Security’s future, and also ask the same of those running for Congress and the Senate. AARP launched Take a Stand in the early days of this Presidential campaign season to demand plans from those seeking the White House and while the election season may have seen many twists and turns so far, one thing the remaining Presidential candidates agree on is that we must continue to keep Social Security strong for future generations. Throughout the 2016 election, we’ll continue to push candidates to take action if elected.

“Social Security remains the foundation of a secure retirement for millions of Americans who have paid in over a lifetime of hard work. But it also remains a foundation of income for workers’ families –including children and spouses who lose a family member – as well as workers with disabilities. Social Security remains a critical part of the fabric of our lives to protect us from both expected and unexpected challenges.

“While the Trustees once again report that the combined Old Age, Survivor and Disability Insurance Trust can pay full retirement, survivor and disability benefits for some time, we know that if no action is taken, benefits could be cut by nearly 25% in 2034, and families could lose up to $10,000 per year in benefits.

“Candidates who don’t take a stand on Social Security in this important election year choose to put the program’s strength at risk in the long-term. Though people of all ages rely on it, its importance to older Americans -- already under tremendous pressure from wage stagnation and shrinking pensions -- is only likely to grow. And we know older Americans will vote this year, most likely in higher percentages than any other group of Americans.”

Note to reportersFact sheets from the AARP Public Policy Institute provide both national and state data on Social Security as a key source of retirement income. Please also visit www.aarp.org/ppi and search on “Social Security.”

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About AARP AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million that helps people turn their goals and dreams into 'Real Possibilities' by changing the way America defines aging. With staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and promote the issues that matter most to families such as healthcare security, financial security and personal fulfillment. AARP also advocates for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name. As a trusted source for news and information, AARP produces the world’s largest circulation magazine, AARP The Magazine and AARP Bulletin. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. To learn more, visit www.aarp.org or follow @aarp and our CEO @JoAnn_Jenkins on Twitter.

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If you are an AARP member and not with the press, call 1-888-OUR-AARP or email member@aarp.org.

 

For media inquiries, please contact the AARP Media Relations Office at (202) 434-2560 or media@aarp.org.

 

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Twitter: @aarpmedia

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