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Congressional Pay Grows 15 Times Faster Than Social Security Checks
The Senior Citizens League Joins Effort to Cut Congressional Pay
WASHINGTON, April 21 /PRNewswire-USNewswire/ — Seniors who retired in 1990 with the average Social Security benefit have seen their annual payments increase by just $4,967 over the past 20 years. During the same time period, members of Congress have awarded themselves pay raises totaling $77,400 per year – a whopping 1,458 percent more than seniors.
The analysis was conducted by The Senior Citizens League (TSCL), one of the nation’s largest nonpartisan seniors advocacy groups with 1.2 million supporters.
According to the Social Security Administration, a senior receiving the average Social Security benefit in 1990 received $554.50 per month. A TSCL analysis found that the same senior is receiving a monthly benefit of $968.40 today, due to the annual Cost of Living Adjustment (COLA) intended to help seniors keep up with inflation.
Read more at PR Newswire
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realbig reblogged this from drinkthe-koolaid and added:
Grows 15 Times Faster Than Social Security Checks
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