Friday, August 13, 2010

Social Security Keeps 20 Million Americans Out Of Poverty, Report Finds

Social Security Keeps 20 Million Americans Out Of Poverty, Report Finds:
 "As Social Security approaches its 75th anniversary on Saturday, the program is playing an especially vital role in reducing poverty across America during the worst economic crisis since the Great Recession.

If benefits were to be significantly cut, 19.8 million more Americans would be thrust in poverty, according to a recent report by the Center on Budget and Policy Priorities. In addition to supporting the elderly, Social Security is currently keeping more than 1 million children and more than 5 million adults below the age of 65 above the poverty line.

Cuts to Social Security would be especially devastating for older women, the report shows. While 11.9 percent of women over the age of 65 are currently below the poverty line, nearly half of them would be poor if they no longer received benefits."

Roosevelt Signs The Social Security Act: Presi...Image via Wikipedia

Public Opposes Cutting Social Security To Trim Deficit: New Poll (
Policy Basics: Top Ten Facts About Social Security on the Program's 75th Anniversary (
New Report on Social Security Beneficiaries and Benefits (
Democrats to use Social Security against GOP this fall (

"Nevada Senator Harry Reid released the following statement today to recognize the 75th anniversary of Social Security on Saturday:
"Since its creation 75 years ago, Social Security has allowed tens of thousands of Nevadans to retire with grace and dignity. Throughout my career, I have fought to strengthen and preserve Social Security, and I will continue to fight to make sure that our parents, grandparents and loved ones can enjoy their golden years with well-deserved peace of mind."  Read the rest of Nevada Senator Harry Reid's statement:

No comments:

Post a Comment