Sponsored by AARP Florida.
As we celebrate the 88th birthday of the Social Security Act this year, it's remarkable to reflect on how this vital safety net has evolved over the years. Initially conceived as a “comprehensive package of protection” against life's unpredictable challenges, Social Security has become a lifeline for millions of
Floridians. Today, Social Security funds often serve as a vital support system, helping Floridians cover daily expenses and meet their financial obligations. Astonishingly, more than 5 million residents in the Sunshine State, that's more than one in five, rely on Social Security benefits. Among them, Florida's 3.6
million retired workers constitute nearly 75% of all beneficiaries., demonstrating the critical role it plays in our lives. Social Security is the only inflation-protected guaranteed retirement income that protects you throughout your lifetime.
But Social Security isn't just about financial support; it's an economic engine that fuels Florida's prosperity. Those who receive these benefits don't hoard them; they invest in goods and services, boosting business sales and job opportunities. This ripple effect injects a staggering $81.7 billion into our state's economy each year, benefiting businesses and workers alike.
However, there's a looming threat on the horizon. If our elected officials fail to act in the next decade, Social Security faces a potential 20% cut, translating to an average loss of $4,000 per year for hardworking individuals like you. AARP understands that you've diligently contributed to this fund, and you deserve the security you've earned. Social Security is not a political piggy bank; it's your hard-earned money.
That's why AARP has been at the forefront of the battle to protect and preserve Social Security for six decades, and we pledge to continue leading the charge for current and future generations. We believe in empowering you with knowledge and resources. That's why we offer the FREE Social Security Resource Center—a one-stop destination to answer your crucial questions. So, when you contemplate
retirement, you'll know precisely how to access the benefits you've earned.
You can find all of these resources through the AARP Social Security Resource Center. Click here for more information.
Additionally, we're excited to share that AARP CEO Jo Ann Jenkins will be at the forefront of these crucial discussions. She will host "Conversations with Congress: A Bipartisan Discussion About the Future of Social Security" on Thursday, Sept. 21 st , beginning at 9 a.m. EST. She will be joined by Senator Bill Cassidy (R-LA) and Representative John Larson (D-CT). The event will be live-streamed, making it accessible to everyone, so you can stay informed about the latest developments and join in the conversation about securing the future of Social Security.
Your voice matters, and together, we can work towards a more secure retirement for all. Stay tuned for this important event, and let's shape a brighter future for Social Security, hand in hand.
To join the conversation, visit aarp.org/SocialSecurityFuture.
