States With the Best and Worst Average Social Security Checks
New Jersey and Connecticut are where older people receive the largest average Social Security payments, according to the latest data from the Social Security Administration. Louisiana ranks last. Doug Whiteman of MoneyWise ranks all 50 states and the District of Columbia for Social Security benefits, going from the smallest average payments to the largest. See the full, detailed list in his article here.
The Association of Mature American Citizens (AMAC) believes Social Security must be preserved and modernized. This can be achieved by making modest changes in cost of living adjustments and the retirement age, with no additional taxes on workers. AMAC advocates for a bipartisan compromise, “The Social Security Guarantee Act,” taking selected portions of bills introduced by former Rep. Johnson (R-TX) and current Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas. One component is Social Security PLUS, a new, voluntary plan that would allow all earners to have more income available at retirement. This component is intended to appeal especially to younger workers. AMAC is resolute in its mission that Social Security be preserved and modernized and has gotten the attention of lawmakers in DC, meeting with a great many congressional offices and their staffs over the past several years. Read AMAC’s plan here.