Newscasts

PNS Daily Newscast - July 20, 2018.  


Trump now wants Putin to visit the White House this fall; Also on the Friday rundown: health insurance rates to rise by almost 9 percent in California; and as the climate crises reaches “Zero Hour” young people take a stand.

Daily Newscasts

Social Security: Crucial Anti-Poverty Safety Net for 145,000 CT Seniors

November 4, 2013

HARTFORD, Conn. - Without their Social Security benefits, the number of Connecicut seniors living in poverty would jump by 30 percentage points, according to a new report. In these difficult economic times, according to report author Paul Van de Water, senior fellow at the Center on Budget and Policy Priorities, Social Security prevents 15 million seniors nationwide from falling into poverty. He said that even in relatively well-off states such as Connecticut, eliminating those benefits would produce a major jump in senior poverty.

That would mean "a difference of 30 percentage points: 6 percent poor with Social Security, 36 percent poor without Social Security in Connecticut," he said.

He added that, all told, Social Security is preventing 145,000 Connecticut seniors from falling into poverty. In addition to being a reliable source of retirement money for people at all income levels, he said, those benefits now amount to the primary social safety net for older people.

Van de Water declared that one of the most talked-about proposals for trimming Social Security, the so-called chained CPI, could be especially hard on older people already living near the poverty line, unless provisions are made to protect them.

"If that were done, we think it would be particularly important to make sure that there was some protection provided for the lowest-income Americans, and for people who have been on the benefit rolls a long time and therefore would be the most likely to be affected by that proposal."

The report is called "Social Security Keeps 22 Million Americans Out Of Poverty: A State-By-State Analysis." It is available at CBPP.org.


Mike Clifford, Public News Service - CT