Why does Social Security matter to all of us, not just those in retirement? Consider the multiplier effect — for every $1 paid in benefits, the economy adds $2. The combined spending of Social Security recipients supports 9 million jobs. In 2012, $1.5 trillion was added to the total economic output by Social Security. Recipients spend their income in their communities on goods and services such as in food, real estate, health care and retail.
Poverty was avoided for 21.4 million of our neighbors, which included 1.1 million children, 14.5 million adults 65 and older, and 5.8 million adults under age 65. A typical senior's income is about $22,000 with Social Security accounting for about half of that. The source is AARP Public Policy Institute. What is the source of what you think about Social Security?
We need a national conversation about Social Security including its impact on seniors and on the economy. Protect your hard-earned benefits from cuts.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close