Social Security benefits could be the first to go in a matter of days if the US defaults — and retirees will 'really suffer' if Congress doesn't raise the debt ceiling by then
Missed payments from those programs could quickly lead to hardship for retirees."The maximum from SSI that you can get is $914 a month. It will be really hard to get through a month with that much money, and then those who are able to get Social Security as well get a few hundred more dollars on average. It's really hard to stretch that money through a month.
"They're going to really suffer without those benefits," Romig said."And if the stock market and bond market are roiling even before we hit default, then that means their retirement savings are also going to be declining. So even if it is possible to prioritize Social Security benefits, we can't insulate Social Security beneficiaries from some serious harm.
reporters on Thursday that progress is"slow," and that"the White House continues to prioritize paying people to not work over paying Social Security benefits and Medicare benefits," referring to Democrats' unwillingness to bolster work requirements on federal programs.hold the line on GOP demands
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