Tuesday, October 21, 2008

Social Security Benefits Get A "Raise"

For Immediate Release

Contact: Joan Grangenois-Thomas
212-627-2404 or joan@makewavesnotnoise.com

October 21, 2008

Social Security Benefits Get a "Raise"

Washington, DC - It was reported last week that Social Security benefits for 50 million older Americans will go up 5.8 percent next year, the largest increase in more than a quarter century. The increase takes effect in January, 2009. Wider Opportunities for Women (WOW), welcomes this increase.

The following is a statement by Ramsey Alwin, Director of National Economic Security Programs at Wider Opportunities for Women:

"WOW is gratified to see that Social Security benefits will rise 5.8% next year. For many elders, however, this increase will still leave them short of economic security. WOW has known for some time what it takes for older Americans to attain economic security. Our tool, the Elder Economic Security Index will help policymakers, service providers and others construct realistic and effective policies and programs to help older Americans secure the income necessary to live independently and well.

This increase is a very important first step of a long journey to helping millions of older Americans age with dignity. WOW stands ready to help."

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