Wednesday, October 1st, 2014

Cutting Social Security May Hurt Arizona’s Economy

Cutting Social Security benefits would do more than just hurt recipients, according to a new report from AARP that says Arizona’s economy will also suffer. The study from the AARP Public Policy Institute calculates that every benefit dollar generates two dollars in spending by Arizona individuals and businesses – which adds nearly $30 billion a year to the state’s economy. AARP State Director David Mitchell says that also means jobs.
 
Staff and volunteers from AARP Arizona are delivering the report and thousands of petition signatures to congressional offices this week, expressing concerns about proposals to reduce annual Social Security cost of living increases.

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