Will Obama Expand Social Security Benefits For Seniors?
By Cristina Silva
Democratic lawmakers urged President Barack Obama Monday to expand Social Security benefits for millions of seniors nationwide. In a letter to be delivered to the White House Monday, the lawmakers say shrinking employer retirement packages have made it more difficult for retirees to survive without additional Social Security dollars.
“As employers continue moving from a defined benefit model to a defined contribution model of retirement savings, it is critical that we fight to protect and expand Social Security — the only guaranteed source of income in retirement,” the lawmakers wrote. The letter came as the Obama administration announced Monday new programs and proposals at the White House Conference on Aging aimed at improving the quality of life and care for elderly Americans, including improving the health of family caregivers and free online courses for healthcare professionals about how to prevent patient falls.
“More than half (53 percent) of today’s working Americans are not expected to have sufficient resources upon retirement to maintain their standard of living,” the Democratic lawmakers wrote. An expansion of Social Security benefits would be enormously popular, they argued. “This support crosses party lines: 90 percent of Democrats, 73 percent of Independents, and 73 percent of Republicans favor expanding Social Security,” the letter said.