FOR IMMEDIATE RELEASE
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AARP Applauds White House Proposal to Extend Economic Relief for Older Americans
Urges Congress to Act Quickly in Light of Anticipated No COLA for 2010
Washington, DC – AARP CEO A. Barry Rand offered the following statement in reaction to the White House’s announcement this afternoon, calling on Congress to extend previous $250 economic relief provided for older Americans, veterans and persons with disabilities for 2010.
“AARP applauds the President’s proposal to extend needed relief for 57 million Americans. The timing could not be better — we expect the Social Security Administration to announce tomorrow that Americans who rely on Social Security will not receive a cost of living adjustment (COLA) in 2010. For nearly 35 years, millions of Americans have counted on an annual increase in their monthly Social Security checks to make ends meet. Sadly, their benefits will be frozen next year, leaving millions struggling to meet their basic needs.
“The current recession has become a perfect storm for millions of older Americans, who find themselves struggling with skyrocketing health care costs, shattered nest eggs, and now stagnant Social Security benefits. We are talking about people who have done the right things by working and saving, only to find themselves paying more out of pocket for medical care, having their savings and home values plummet, and even facing longer periods of unemployment for those who try to get back on the job. In short, older Americans, veterans and persons with disabilities are facing the worst economy since the Depression, with little opportunity for relief.
“AARP calls on Congress to take up the President’s call to action, and provide $250 in relief to millions of Americans who count on Social Security to pay their bills. AARP will continue to work with members of Congress from both sides of the aisle to bring needed relief to millions of Americans.”
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AARP is a nonprofit, nonpartisan membership organization 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 over 35.5 million readers; AARP Bulletin, the go-to news source for AARP’s 40 million members and Americans 50+; AARP Segunda Juventud, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; 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.