Rhode Island seniors get an average Social Security benefit of $13,500 a year, which makes it tough sledding to live on in the cold Northeast in the wintertime. The COLA adjustment is misfiring for seniors. Their heating costs go up, their prescription costs go up, their pharmaceutical costs go up, and we have missed the COLA twice. We fixed it in 2008 with a one-time vote. We fixed it in 2009 with a one-time vote. Let's please do it again for 2010 and support Senator Sanders' amendment and not be scrooges to our seniors while we are being fabulously generous to megamillionaires.
Sheldon Whitehouse: “Rhode Island seniors get an average Social Security benefit of $13,500 a year, which makes it tough sledding to live on…”
Editor's note · Context
The speaker addresses the inadequacy of Social Security benefits for seniors and advocates for a cost-of-living adjustment.
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