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Vance questions authority of US judges to challenge Trump; UAW contract negotiations at VW focus on higher wages, health care, retirement; Report highlights how Georgia can unlock rural infrastructure, broadband; Leftover fish parts could help keep industrial fishing waste low.

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The head of the new White House Faith Office draws scrutiny, Trump moves to fire the Federal Elections Commission chair, and a North Carolina judge won't toss tens of thousands of ballots in a state Supreme Court race.

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Future of Social Security in spotlight at AARP ID town hall

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Monday, August 26, 2024   

The future of Social Security is a priority issue for many voters across the country.

The interest on Social Security Trust Funds will run out of money by 2035 because the number of workers paying into the program is growing more slowly than the number of people receiving benefits. Without a change, Social Security benefits could be cut to 80% of what they pay out currently in a decade.

Cathleen Simlar, interim state director of AARP Idaho, said her group is holding a town hall Thursday, which can be streamed on the group's Facebook page or heard over the phone at 866-767-0637 at noon on Thursday.

"We're still in the big Baby Boom surge of people retiring and going on Social Security," Simlar pointed out. "This isn't going to lighten up any time soon."

About 370,000 Idahoans receive Social Security benefits, close to a fifth of the state's population. Simlar noted the benefit is the largest source of income for most of the people who receive them and beneficiaries also help put more than $6 billion back into the economy each year.

Simlar argued it is important for policymakers and leaders in Congress to remember Social Security is funded by workers themselves.

"They need to consider that for many Idahoans this is their primary income," Simlar emphasized. "People paid into this. It's their money. It's not an entitlement, it's not a benefit. It's their money."

Simlar acknowledged some solutions have been proposed, such as raising the wage cap for paying into Social Security, increasing the tax to pay for it and raising the retirement age. She stressed what is most important is people are involved in any changes.

"We're pushing that there'll be transparency in this process and in particular we want the public to have an opportunity to give input because this matters to people, this could really hurt people," Simlar contended. "The people in Idaho need to have their voice raised as the solutions are being discussed."

Disclosure: AARP Idaho contributes to our fund for reporting on Consumer Issues, Energy Policy, Health Issues, and Senior Issues. If you would like to help support news in the public interest, click here.


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