Join AARP and AARP Foundation in sending relief and assistance to the victims of Hurricane Florence. Donate
August 6, 2010
For 75 years, Americans have been paying into Social Security with the guarantee that in return for their hard-earned dollars, they will receive a benefit when they retire. Social Security’s guaranteed benefits are a rock-solid commitment to American families. Companies can go out of business; pensions can be terminated; the stock market can take a nose dive; but Social Security benefits are there in good times and bad — and we must make sure it stays that way.
Currently, Social Security can pay out full benefits until 2037 and nearly three-quarters of promised benefits after that with no changes to the system. According to a recent report by the United States Senate Special Committee on Aging, modest changes made now can strengthen Social Security’s financing for the long term and ensure that future generations receive an adequate benefit.
Still, some people in Washington say Social Security is “going broke” and needs a major overhaul. They have been saying that for years and years, often as a pretext for proposing radical changes such as private accounts funded with Social Security dollars that would cost trillions of dollars and weaken retirement security for hard-working American families. Many moderate changes have been made to Social Security over the past 75 years to keep the program strong and preserve the guaranteed benefit Social Security provides. With modest adjustments to Social Security we can continue to ensure Social Security remains strong for our children and grandchildren.
As our nation’s leaders consider how to strengthen Social Security, AARP is guided by basic principles:
AARP urges the president and Congress to consider any changes to Social Security as part of a broader conversation about how to help ensure Americans achieve a secure retirement, especially as other sources of retirement income — such as pensions, savings and home equity — have been crumbling over the past decade.
Please leave your comment below.
You must be logged in to leave a comment.
Members save 20% on all personal checks, business checks and tax forms, and accessories.
Members get exclusive discounts and assistance from travel agents.
Members can apply for term coverage from AARP Life Insurance Program from New York Life.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at