With the Latest SSA Trustee Report Released, Congress Must Act Now to Fix Social Security

Published in Blackstone Valley Call & Times on June 24, 2025

Just before Medicare celebrates its 60th anniversary this July and Social Security marks its 90th birthday in August, the Social Security Board of Trustees recently released its annual report on the financial status of the Social Security Trust Funds.

According to this year’s estimate, by 2033, projected revenues will only cover 77% of scheduled benefits—unless Congress takes action to address the program’s looming shortfall. Combining the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust funds would extend coverage for another year, ensuring 81% of scheduled benefits through 2034, instead of 2035, as previously estimated.

The trustees also reported that Medicare’s Hospital Insurance Trust Fund (Medicare Part A, which covers certain healthcare services) will be able to pay full benefits until 2033, a year earlier than the previous estimate of 2024. At that point, the fund is expected to cover 89% of benefits.

For 2024, the Social Security Administration (SSA) paid $1.47 trillion in benefits to about 68 million beneficiaries, while its administrative costs were just $7.4 billion—representing a very low 0.5% of total expenditures. However, the projected 75-year actuarial deficit is 3.82% of taxable payroll, higher than the 3.50% projected in last year’s report.

Frank Bisignano, Commissioner of Social Security, stressed that ensuring the financial stability of the trust funds remains a top priority for the Trump Administration. “We must work together—Congress, SSA, and others—to eliminate waste, fraud, and abuse to protect and strengthen the trust funds for millions of Americans who rely on it for secure retirement or disability benefits,” he stated.

In responding to the released Trustee’s report, House Ways and Means Social Security Subcommittee Ranking Member John B. Larson (D-CT) criticized the current administration’s approach, calling the Trustees’ Report a wake-up call to enhance Social Security for the first time in more than 50 years. Larson also pushed back against misleading claims from President Trump and Elon Musk about waste and abuse within the system. “Seniors, veterans, and disabled workers rely on these earned benefits, and they’re counting on Congress to do its job,” Larson said. “While Republicans push for privatization, Democrats have a plan to protect and expand Social Security.”

Larson’s Social Security 2100 Act, introduced in the last Congress with 189 cosponsors, aims to strengthen Social Security by expanding benefits and increasing payroll taxes to ensure the program’s long-term solvency.

Media Headlines on Social Security’s “Insolvency” Create Unnecessary Fear

Some media outlets, including The Washington Post, have raised alarms with bold headlines warning that Social Security could become “insolvent by 2033” or even “bankrupt.” In a statement, Bob Weiner, former Chief of Staff to the U.S. House Committee on Aging, rejects these claims, noting that the SSA currently holds a $2.7 trillion surplus. According to Weiner, the Trustees’ warning that the program may cover only 81% of benefits by 2034 is being misinterpreted as insolvency or bankruptcy. “That’s neither bankruptcy nor insolvency. Congress can fix this, perhaps by raising the income cap on Social Security taxes,” Weiner explains.

Weiner points out that, in 2026, the income cap for paying Social Security taxes is set to be $181,800. He also emphasizes that Social Security has faced repeated budget cuts to fund tax breaks for the wealthy. “We must protect Social Security as a priority,” Weiner says. “As Speaker Emerita Pelosi often reminds us, ‘First, do no harm.’”

Aging Groups Give Their Thoughts About Fixing Social Security

In statements, Social Security advocacy groups have also weighed in on and give   comments on the latest Social Security and Medicare Trustee reports.  

Nancy Altman, President of Social Security Works, argues that the program is fully affordable and costs only about 6% of the GDP at the end of the 21st century. She believes Congress will act to avert the projected shortfall, as it always has in the past. The key question to ask, Altman says, is whether lawmakers will choose to bring in more money through higher taxes or reduce benefits.

Altman strongly opposes cutting benefits, charges that politicians who don’t support increasing Social Security revenue are, by default, advocating for cuts. She highlights the impact of income inequality, which has cost Social Security over $1.4 trillion since 1983. “If the wealthy paid their fair share into the program, we could easily protect and expand Social Security’s modest benefits,” she notes.

While Americans are divided on many issues, Altman points out that there is broad consensus in support of Social Security. “The real crisis facing Social Security is not a future shortfall, but the ongoing sabotage it’s experiencing now,” she says. Altman specifically references the role of Elon Musk’s DOGE, which has pushed out thousands of Social Security staff members, including nearly half of its senior executives, resulting in an irreplaceable loss of institutional knowledge.

Despite these challenges, Altman notes that Social Security is run efficiently, with administrative costs well under a penny for every dollar spent. A major increase or decrease in administrative spending would have minimal impact on the program’s finances.

Max Richtman, President and CEO of the National Committee to Preserve Social Security and Medicare, says this year’s comments on the Trustees’ report, mirrors those he made last year – It’s time to rebuild reserves in the Social Security Trust Fund. However, he warns against harmful proposals such as raising the retirement age or means-testing benefits, both of which would cut benefits for millions of Americans.

“Raising the retirement age to 69 or 70 would significantly reduce lifetime benefits. These ideas have been part of Republican proposals to address the projected shortfall,” Richtman explains.

Richard Fiesta, Executive Director of the Alliance for Retired Americans, urges aging advocacy groups not to remain complacent. “Republicans in Congress are eager to cut the benefits Americans have worked a lifetime to earn,” he warns. “We cannot allow Social Security to be privatized or dismantled.”

Fiesta also calls for stronger Medicare reform, urging Congress to curb the high cost of prescription drugs and hold Medicare Advantage insurance corporations accountable for rising costs that don’t benefit patients.

A Final Note…

Social Security is an essential lifeline for millions of Americans, and its future is now at a crossroads. Can a partisan Congress work together to find a political viable fix?

While the media reports Social Security’s impending insolvency and bankruptcy, there is no doubt that Congress must act soon to ensure the program’s long-term sustainability. Whether through increasing revenue or reforming benefits, the decision on how to strengthen Social Security will shape the future of retirement and disability benefits for generations to come. It’s time for Congress to act.

View the 2025 Trustees Report at www.socialsecurity.gov/OACT/TR/2025/.

Preparedness: Senate Aging Committee Preps for Impending 2025 Hurricane Season

Published in RINewsToday on May 26, 2025

Just days ago, forecasters at the National Oceanic and Atmospheric Administration (NOAA), part of the U.S. Department of Commerce, predicted above-normal hurricane activity in the Atlantic Basin for this year. NOAA’s outlook for the 2025 Atlantic hurricane season, which runs from June 1 to November 30, estimates a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a 10% chance of a below-normal season.

“In my 30 years at the National Weather Service, we’ve never had more advanced models and warning systems in place to monitor the weather,” said Ken Graham, Director of NOAA’s National Weather Service, in a May 22 statement. He warned that above-average Atlantic Ocean temperatures are setting the stage for increased hurricane activity. “This outlook is a call to action: be prepared. Take proactive steps now to make a plan and gather supplies to ensure you’re ready before a storm threatens,” he urged.

Over a week before NOAA released its 2025 outlook, the U.S. Senate Special Committee on Aging held a full committee hearing on Wednesday, May 14, at 3:30 p.m. in room SD–106. Like Graham, the hearing underscored the urgent need for disaster preparedness—particularly for older Americans, who face unique challenges during emergencies. Scheduled ahead of the June 1 start of hurricane season, the hearing emphasized the importance of having a clear, actionable emergency plan in place before disaster strikes.

There is No Alternative to Being Prepared for Disasters

Expert witnesses, at the one  hour and 31 minute hearing, shared firsthand insights and best practices for protecting older adults and people with disabilities during emergencies, aiming to raise awareness and inspire action among seniors, caregivers, and policymakers nationwide.

“I’m no stranger to disasters,” admitted Sen. Rick Scott, Chairman of the Senate Special Committee on Aging, in his opening statement. During his eight years as Florida’s governor and six years as a U.S. Senator, he has personally witnessed the devastation hurricanes can cause. “If there’s one lesson I’ve learned, it’s that preparedness saves lives. There is no alternative to getting prepared and having a disaster plan,” he said, stressing that possessions can be replaced—but lives cannot.

“We know the risks and we know the statistics, and it’s our responsibility to plan accordingly,” urged Sen. Kirsten Gillibrand, Ranking Member of the Senate Special Committee on Aging, in her opening statement. While natural disasters are dangerous for everyone, they pose even greater risks to older adults and people with disabilities, noted the New York Senator.

According to Sen. Gillibrand, research shows that people with disabilities are up to four times more likely to die in a disaster than the general population, and older adults are more likely to die in a disaster than any other demographic group.

She called for the development of accessible shelters and transportation, alerts in multiple languages, and the requirement that long-term care facilities have disaster plans in place before—not after—a crisis occurs. Gillibrand also announced her intention to reintroduce legislation that would establish a nationwide grant program under the Older Americans Act. This program would incentivize and support states in creating strategic plans for aging populations, with disaster preparedness included as a core component.

“In addition to planning, we must also ensure that state and local governments are properly resourced to build accessibility into their disaster and recovery responses,” she said. Gillibrand also emphasized the need to safeguard federal resources provided through agencies like the Federal Emergency Management Agency (FEMA) and the U.S. Administration for Community Living (ACL).

Sheriff Chris Nocco of Pasco County, Florida—a county with 24 miles of coastline, located just north of Tampa Bay and home to roughly 750,000 residents, 22% of whom are age 65 and over—shared his insights and expertise on preparing for and recovering from natural disasters. He noted that federal and state partnerships, such as the National Guard and Coast Guard, are invaluable during rescue operations. He also urged law enforcement agencies to utilize evolving technologies such as drones for disaster preparedness and recovery.

“I witnessed individuals who had climbed onto roofs to avoid the rapidly rising storm surge. In one instance, a woman, her small child, and elderly relatives had climbed to the roof of their three-story multifamily housing unit and were awaiting rescue,” said Nocco. He stressed that this highlights the critical importance of following emergency management directives—especially evacuation orders—particularly for the most vulnerable in our communities.

With several days’ notice of an impending disaster, Nocco recommends that older adults request extra prescription medications from their pharmacies and remember to bring phone chargers, emergency contacts, credit cards or cash, and extra clothing when evacuating.

“When people are told to evacuate, they trust law enforcement and fire rescue personnel,” said Nocco. “But they also trust their churches to say, ‘Shelter here.” He suggested that churches can serve as effective emergency shelters and proposed that federal resources be used to equip them with generators and hurricane-resistant windows.

Costly Disasters Becoming “New Normal”

“Nearly 20 percent of Americans are in the 65-and-older age group, and the current growth of this population is unprecedented in U.S. history,” said Jennifer Pipa, Vice President of Disaster Programs for the American Red Cross, noting that this demographic shift comes at a time when more frequent and costly disasters are becoming the “new normal.”  Her Red Cross career began in 2004 when she joined the Disaster Action team in Raleigh, North Carolina as a volunteer

According to Pipa, The New York Times reported that following Hurricane Sandy in 2012, nearly half of those who died were age 65 or older. “Sadly, many drowned at home or died from storm-related injuries,” she said.

Pipa also cited other disasters that claimed the lives of older adults. “The 2018 Camp Fire, which burned for 18 days in Paradise, California, resulted in 85 deaths. Many victims were elderly or had disabilities—the average age was 72. In 2023, more than two-thirds of the 102 confirmed victims of the Maui fires were over the age of 60. And last year, Hurricane Helene caused at least 250 deaths in the United States, with many victims being elderly. In North Carolina alone, two out of every three deaths from Hurricane Helene were among adults aged 60 or older,” she added.

“The intersection of these trends—an aging population and significantly more disasters—should concern all of us,” Pipa told the Senators.

She emphasized that the impact of disasters on older Americans doesn’t end when the storm passes. “People over 65 make up nearly 10 percent of American Red Cross emergency shelter populations after evacuations are lifted,” she said.

“Our responders often encounter elderly disaster survivors living in severely damaged homes or in dwellings without power or water. These individuals frequently express fear of losing their homes and property if they leave. In some cases, we meet older adults who are physically or emotionally unable to get to a shelter or find safer housing,” Pipa added.

She highlighted several Red Cross programs tailored to help communities prepare for disasters:

·       Be Red Cross Ready: A free national preparedness education program for adults, taught by certified instructors.

·       Home Fire Campaign – Home Visits: Fire safety guidance tailored for older adults—such as keeping mobility aids, hearing devices, and medications near the bed, or relocating bedrooms to the ground floor. Includes installation of accessible smoke alarms.

·       Caregivers Preparedness Checklist: Developed with AARP to help caregivers ensure both they and their loved ones are prepared.

·       Building Your Support Network: Encourages older adults to develop a network of trusted individuals who can assist during emergencies.

·       Emergency App: Offers customized preparedness tips, particularly for households with older adults, focusing on hurricane and wildfire planning.

Disaster Planning with the Community  

Finally, Luis Vance Taylor, Chief of the Office of Access and Functional Needs at the California Governor’s Office of Emergency Services—who is disabled and uses a wheelchair—stressed the importance of inclusive emergency planning. “Forward-leaning emergency management agencies are ending the practice of planning for the community and are choosing to plan with the community,” he said. Taylor advocated for the creation of Access and Functional Needs (AFN) Advisory Committees at the state and local levels to ensure better outcomes.

“Inclusive planning leads to press conferences with American Sign Language interpreters, critical updates posted in accessible formats, and evacuation resources and shelters that are both physically and programmatically accessible,” he explained.

Taylor also warned that cutting or eliminating agencies like FEMA, ACL, or the Administration for Strategic Preparedness and Response would have devastating consequences—especially for older adults and people with disabilities. “These agencies need adequate funding to deliver the full range of federal resources required to respond to and recover from large-scale disasters that overwhelm local communities,” he said.

Training programs before disasters occur and crucial when there is no time to think of everything to take with you.  “People forget their chargers. You know what charger? They forget their wheelchair charger,” notes Taylor. “So we have to engage them beforehand. And that comes through training,” he says. 

To watch Senate Aging Committee Disaster Preparedness hearing, go to https://www.aging.senate.gov/hearings/preparing-for-disasters-unique-challenges-facing-older-americans.

Meeting the challenges of an aging farm workforce, in a bipartisan way

Published in RINewsToday on April 28, 2025

About 16 months ago, the U.S. Senate Special Committee on Aging Ranking Member Mike Braun (R-IN) released a report titled Feeding the Future, sounding the alarm about the growing challenges older farmers face and urging Congress and the Biden administration to secure the future of American agriculture. Now, Senator Rick Scott (R-FL), the current chair of the Senate Aging Committee, is continuing this effort with the release of a new report addressing the same issue.

On March 31, Scott unveiled his eight-page report, America’s Aging Farm Workforce: Why Vanishing Family Farms Are a Growing Threat to U.S. Food Security and Rural Communities. The report notes that one-third of farmers and ranchers are over the age of 65, with a median age of 58—making agriculture the oldest workforce in the nation. “We’re seeing fewer young people follow in their parents’ footsteps,” Scott said, warning that this trend threatens America’s food security and the vitality of rural communities.

Zippy Duvall, President of the American Farm Bureau Federation, has also raised concerns. “As many farmers and ranchers reach retirement age, they face uncertainty over the future of their farms, which in many cases have been in the family for generations,” he said, pointing to high production costs, land competition, and declining profits as ongoing threats to sustainability.

“The data is clear—our farming population is aging rapidly, and without targeted action, we risk losing family farms and, with them, the backbone of rural America and our national food supply,” said Terry Kippley, President & CEO of the Council of Producers & Distributors of Agrotechnology (CPDA). Kippley pledged to work with Senator Scott to develop long-term solutions that support the next generation of farmers, reduce regulatory burdens, and ensure access to modern tools and technologies.
Troubling statistics

The Senate Aging Committee’s report outlines serious demographic challenges. Currently, aging farmers and ranchers control 40% of America’s farmland. Over the next two decades, approximately 350 million acres are expected to change hands, raising concerns about consolidation of family farms—particularly by foreign or adversarial entities.

At the same time, the number of farms is shrinking. The U.S. has lost 200,000 farms since 2007, and 40 million acres have been converted to non-agricultural use. While over 800 million acres of land are currently farmable, an annual loss of 1.9 million acres poses a significant threat to the country’s food production capacity.

Barriers like high operating costs, limited land access, and a lack of healthcare or retirement benefits discourage young people from entering the profession. Over 80% of farmers must work a second job just to stay financially stable. Buying or expanding farmland is also increasingly expensive – averaging $4,000 per acre, a 7.4% increase since 2022, according to the U.S. Department of Agriculture.

In addition, inflation and regulatory challenges are placing further economic strain on farmers. The Senate report recommends reducing these pressures through economic reforms, promoting innovation, simplifying regulations, and encouraging fair market competition to support American agriculture.

Policy suggestions include reducing inflation and energy costs, repealing the federal estate tax, investing in agricultural R&D (particularly in areas like organic farming and agri-tourism), and leveraging artificial intelligence for production and marketing. The report also urges Congress to strengthen protections against foreign land acquisitions and to pass legislation such as the Regulatory Decimation Act and the REINS Act to limit burdensome rules.

The report emphasizes that a new Farm Bill must genuinely support farmers and view food security as part of national security. To that end, it also calls for tariffs, when necessary, to counteract foreign subsidies that harm American producers.

Bipartisan push to attract a new generation of farmers

In the early days of the 119th Congress, on April 1, 2025, a group of bipartisan House lawmakers—Representatives Nikki Budzinski (D-IL), Zach Nunn (R-IA), Joe Courtney (D-CT), Don Davis (D-NC), Eric Sorenson (D-IL), Jill Tokuda (D-HI), and Gabe Vasquez (D-NM)—introduced the New Producer Economic Security Act (H.R. 2536). A companion bill (S.1237) was introduced in the Senate by Senator Tina Smith (D-MN).

H.R. 2536 was referred to the House Agriculture Subcommittee on General Farm Commodities, Risk Management, and Credit, while S.1237 was sent to the Senate Committee on Agriculture, Nutrition, and Forestry.

The proposed legislation would establish a pilot program within the Farm Service Agency (FSA) aimed at helping new and beginning farmers overcome the biggest barriers to entry: access to land, capital, and markets. The goal is to strengthen the farm workforce and secure the U.S. food system.

“If we’re going to revitalize American agriculture, we must ensure young farmers have the tools to succeed,” said Rep. Budzinski. “This bill addresses the biggest challenges they face—access to land, markets, and capital.”


“In Iowa, agriculture is our backbone,” added Rep. Nunn. “Young Americans who are willing to feed and fuel our country deserve every form of support we can offer.”

“The average producer in the U.S. is 58, and in Minnesota, it’s 57,” noted Sen. Smith. “Investing in the next generation of farmers is essential to food security and the economic strength of rural America.”

Jordan Treakle, Policy and Programs Director of the National Family Farm Coalition echoed these sentiments. “This bill supports new and beginning family farmers at a time when land consolidation is increasing. Keeping farmland in the hands of those who feed our communities is critical for a resilient food system,” he said.

A joint statement introducing the legislation emphasized that with nearly half of U.S. farmland expected to change ownership in the coming decades, this is a timely opportunity to create policies that ensure land stays accessible and productive.

Rhode Island

According to the 2024 Census of Agriculture, Rhode Island is home to 1,938 farmers and ranchers. Of these, 34% are age 65 or older, which amounts to approximately 659 individuals. Furthermore, about 90% of Rhode Island’s senior farmers do not have a younger farm operator (under age 45) working with them, raising concerns about farm succession. This issue is highlighted in the February 2016 report “Keeping Farmers on the Land,” issued by the American Farmland Trust. These concerning statistics should serve as a call to action for Rhode Island’s Congressional Delegation to address the issue by becoming cosponsors of the New Producer Economic Security Act.

Key provisions of the Bill

The House and Senate versions of the New Producer Economic Security Act would:

• Provide grants and cooperative agreements to state and tribal governments, non-profit organizations, community lenders, farmer cooperatives, and other eligible groups to improve access to land, capital, and markets.
• Offer funding for direct support services to help young farmers acquire land, pay closing costs and down payments, build infrastructure, and receive technical assistance and training.
• Prioritize projects that facilitate farmland transition from older to younger producers, include collaborative partnerships, or offer direct financial support to new producers.
• Establish a stakeholder advisory committee to help evaluate applications and ensure the program meets the real needs of farmers and ranchers.

Since becoming a permanent committee in 1977, the U.S. Senate Special Committee on Aging has consistently worked in a bipartisan manner, regardless of which party held the majority. In light of Chairman Scott’s report urging action on the aging farm workforce, he and Ranking Member Senator Kirsten Gillibrand (D-NY) should consider co-sponsoring S.2536—or working together to craft a bipartisan proposal to be introduced and referred to the Senate Committee on Agriculture, Nutrition, and Forestry, or the appropriate committee.

Now is the time for Democrats and Republicans to set aside political differences and come together to address the challenges posed by America’s aging farm workforce—and the serious threat this poses to our food security.

On January 15, 2025, during his opening statement at the first Senate Aging Committee hearing of the 119th Congress, Chairman Scott said: “I believe we have a significant opportunity in this Committee to work in a bipartisan manner to support and improve the lives of America’s current senior citizens and to create change that will enhance both the lifespan and health span of future generations.” This includes improving the lives of America’s older farmers and ranchers.

The New Producer Economic Security Act is endorsed by the National Young Farmers Coalition, Rural Advancement Foundation International-USA, American Farmland Trust, National Sustainable Agriculture Coalition, and Rural Coalition.

To download Chairman Scott’s report, America’s Aging Farm Workforce: Why Vanishing Family Farms Are a Growing Threat to U.S. Food Security and Rural Communities.” go to https://www.aging.senate.gov/imo/media/doc/2025_aging_farm_workforce_report.pdf.