Anniversary number 78 is today (Wednesday) for Social Security. The monthly benefits go to 95 percent of Wyomingites ages 65-plus, and thousands more receive benefits because of disabilities. Timothy Lockwood with A-A-R-P Wyoming says our state has a high percentage of veterans with disabilities receiving Social Security. A-A-R-P credits the program with keeping thousands above the poverty line.
Several proposals to change Social Security have been debated in Congress, including raising the retirement age, and changing the way the cost-of-living adjustment is calculated. Lockwood says the so-called “chained CPI” plan gets a “thumbs down” from A-A-R-P, although the organization is open to discussing ways to control costs and keep it solvent long-term.
The average retirement benefit in Wyoming is about 12-hundred dollars a month, with A-A-R-P pointing out that women disproportionately depend on Social Security for more than 50-percent of their incomes. Almost 67-thousand Wyoming retirees receive payments each month.
Several proposals to change Social Security have been debated in Congress, including raising the retirement age, and changing the way the cost-of-living adjustment is calculated. Lockwood says the so-called “chained CPI” plan gets a “thumbs down” from A-A-R-P, although the organization is open to discussing ways to control costs and keep it solvent long-term.
The average retirement benefit in Wyoming is about 12-hundred dollars a month, with A-A-R-P pointing out that women disproportionately depend on Social Security for more than 50-percent of their incomes. Almost 67-thousand Wyoming retirees receive payments each month.
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