The number of seniors in the United States is expected to nearly double from 52 million today to 95 million by 2060—nearly a quarter of the entire population. With this coming boom in retirement and our aging population, it is more important than ever that we enact policies that protect seniors and the programs they rely on to retire and age with dignity.
Most importantly, we must ensure that Social Security is kept solvent and stable. Social Security provides an average retirement benefit of $1,657 per month—less than $20,000 per year. We must resist efforts to privatize the program that so many seniors rely on so that speculations and fluctuations in the market do not affect the income seniors depend on.
We must also protect Medicare from privatization and close the loopholes that cost seniors millions of dollars each year; and ensure that Medicare is able to cover a wider range of generic drugs and negotiate fairer drug prices with pharmaceutical companies.