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Name: AARP
Location:
Christiansted, Virgin Islands
United States
Christiansted, Virgin Islands
United States
AARPVIObama's Proposal To Help Those on Social Security
AARP applauded President Barack Obama’s proposal to provide $250 to older Americans, veterans and disabled persons receiving Social Security payments in lieu of a cost-of-living adjustment (COLA) in 2010.
AARP Chief Operating Officer, Tom Nelson indicated, “The 65+ population is facing extreme financial hardship; older Americans are paying more out of pocket for medical care, have experienced a real decline in their retirement accounts and in housing values, face longer periods of unemployment for those who need to work, and low returns on interest bearing accounts. Without relief, millions of older Americans will be unable to afford skyrocketing health care and prescription drug costs, as well as other basic necessities.”
Automatic annual adjustments went into effect in 1975 and 2010 will be the first year without one. Read more at AARP Bulletin Today
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Added: Oct 15, 2009
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