Bernie Sanders: 0.3 Percent Social Security Increase Is a Joke

This measly cost-of-living adjustment could be wiped out next year when Medicare Part B premiums increase.

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Senator Bernie Sanders spoke out against the recent social security increase, saying it is not nearly enough.

The annual cost-of-living adjustment was announced this week for social security beneficiaries. The 0.3 percent increase will amount to less than $4 per month for the current average monthly Social Security payment of $1,238.

The Vermont senator says this is not even close enough to cover rising senior poverty and prescription drug prices.

Sanders issued the following statement:

“Seniors and disabled veterans need more help than a few extra dollars in their monthly checks. These are the people who built this country – our parents, our grandparents and our soldiers. At a time when senior poverty is going up and more than two-thirds of the elderly population rely on Social Security for more than half of their income, we must do everything we can to expand Social Security. Seniors and disabled veterans deserve a fair cost-of-living adjustment to keep up with the skyrocketing cost of prescription drugs and health care. Unfortunately, the increase announced today doesn’t come close to doing that.”

According to The Associated Press, this entire cost-of-living adjustment could be wiped out next year when Medicare Part B premiums increase.

Sanders has previously cosponsored legislation to give Social Security beneficiaries a one-time, 3.9 percent benefit increase in order to cover cost of living expenses and inflation. 

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Alexandra Jacobo is a dedicated progressive writer, activist, and mother with a deep-rooted passion for social justice and political engagement. Her journey into political activism began in 2011 at Zuccotti Park, where she supported the Occupy movement by distributing blankets to occupiers, marking the start of her earnest commitment to progressive causes. Driven by a desire to educate and inspire, Alexandra focuses her writing on a range of progressive issues, aiming to foster positive change both domestically and internationally. Her work is characterized by a strong commitment to community empowerment and a belief in the power of informed public action. As a mother, Alexandra brings a unique and personal perspective to her activism, understanding the importance of shaping a better world for future generations. Her writing not only highlights the challenges we face but also champions the potential for collective action to create a more equitable and sustainable world.

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