Tomorrow, seniors and other Americans on Social Security are will learn precisely how much their monthly checks will increase - but experts forecast it will be $140 per month, on average, starting in January. For the first time in over a decade, seniors' Medicare premiums will decrease even as their Social Security checks increase.
This means that seniors will have a chance to get ahead of inflation, due to the rare combination of rising benefits and falling premiums. We will put more money in their pockets and provide them with a little extra breathing room.
MAGA Republicans in Congress continue to threaten Social Security and Medicare - proposing to put them on the chopping block every five years, threatening benefits, and to change eligibility. If Republicans in Congress have their way, seniors will pay more for prescription drugs and their Social Security benefits will never be secure. The President has a different approach - one that continues the progress we've made and saves seniors money.
