Missouri seniors living on fixed incomes are seeing their out-of-pocket expenses rise every year, but the Social Security benefits they've earned just aren't keeping up.
It's unbelievable to me that the minimal cost-of-living adjustments seniors see today in their Social Security checks are based on the same basket of goods from 1973—a whole lot has changed since then, and it's about time we change this too.
Today, seniors spend two to three times as much on health care as younger consumers, but the annual adjustment in their Social Security benefits don't keep up with those rising health care expenses. That's not right, and our seniors deserve better.
That's why I'm pushing legislation that would make this common sense fix to help our seniors today, and put Social Security on stronger footing for generations to come.
It's part of my commitment to the promise that was made to Missourians—that if you work hard and play by the rules, you can retire with respect and dignity. And it's one I'll fight to keep.