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What We’re Reading Today: Friday News Roundup

What We’re Reading Today: Friday News Roundup

Here are some headlines from the working families news we're reading today (after the jump). 

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Here's a Jaw-Dropping Statistic on the Retirement Security of Black and Latino Workers

Photo of National Committee to Preserve Social Security and Medicare (NCPSSM) Activists.

We've heard of the looming retirement security crisis, but this statistic is extremely sobering: The majority of black and Latino workers (62% and 69%, respectively) do not own assets in a retirement account. This is from a new report by the National Institute on Retirement Security released this week.

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Warren: There IS a Retirement Crisis

Contrary to what The Washington Post and the billionaires who are trying to cut Social Security by pitting young people against seniors say, the nation does face a retirement crisis and Social Security doesn’t need to be cut. It must be—and can be—strengthened, said Sen. Elizabeth Warren (D-Mass.) in a powerful speech on the Senate floor Monday.

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10 Quotes on Social Security from Members of Congress Who Care About Your Retirement

10 Quotes on Social Security from Members of Congress Who Care About Your Retirement

Social Security is the healthiest part of our retirement security system, and protecting and improving Social Security benefits is the best solution. This was the consensus of working families’ advocates and members of Congress at a conference held yesterday by Social Security Works and a coalition of organizations. Among the key proposals suggested by representatives and senators were increasing the monthly Social Security benefits and eliminating the cap on the amount of income people pay Social Security taxes on (currently set at $113,700). 

Check out the 10 Social Security quotes from the conference after the jump.

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Smallest-Ever Social Security COLA Still too Big for 'Chained' CPI Backers

Smallest-Ever Social Security COLA Still too Big for 'Chained' CPI Backers

Next year, the millions of Social Security recipients will see the smallest cost-of-living adjustment ever—just 1.5% or about $19 a month. If the politicians—and their billionaire friends who don’t want to pay the same taxes workers do—who are pressing hard for the "chained" CPI benefit cut had their way, the adjustment would be even smaller than 2014’s historic low.

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You'll Never Guess What's in the Latest Republican Ransom Note

You'll Never Guess What's in the Latest Republican Ransom Note

letter from 51 Republican House members to Speaker John Boehner (R-Ohio) makes Social Security cuts the latest ransom demand of the Republican hostage-takers in Congress. This may be unwelcome news to the many tea party Republicans who depend on Social Security benefits.

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Progressives and Working Families Rally Against 'Chained' CPI and Other Safety Net Cuts

While the country remains shut down because of irresponsible Republican hostage-taking, progressive members of Congress and working families are looking ahead to fight against any proposed grand "bargain" that would include benefit cuts to Social Security, Medicaid or Medicare. Members of the Congressional Progressive Caucus spoke Thursday before working families and allies, specifically rejecting any such cuts.

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Working Families Take to Capitol Hill to Protect Social Security from Cuts

Image via the National Committee to Preserve Social Security and Medicare

Working families activists led by the Alliance for Retired Americans and Congressional Progressive Caucus are taking their message to Capitol Hill today in a Human Chain Against "Chained" CPI rally, telling Congress it is absolutely unacceptable to cut Social Security benefits.

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Be a Link in a Chain Against 'Chained' CPI

Alliance for Retired Americans photo

If you are in the Washington, D.C., area Thursday, come join hands with members of the Alliance for Retired Americans and the Congressional Progressive Caucus in a Human Chain Against "Chained" CPI on Capitol Hill.  

The action kicks off at 10 a.m. EDT on the House Triangle of the U.S. Capitol. Click here for a map and to RSVP.

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Most Working Families Say Strengthen, Don’t Cut, Social Security

On today’s 78th anniversary of Social Securitya new survey (see video) from the National Academy of Social Insurance finds that most of America's workers support increasing benefits, protecting benefits against inflation and lifting the Social Security tax cap so that wealthy people pay their fair share as working families do now.

You can add your voice to the call to strengthen, not cut, Social Security by signing this petition from the Alliance for Retired Americans.

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