Nevada Alliance for Retired Americans (NARA)

For Immediate Release
October 24, 2024



Contact: Lisa Cutler, lcutler@retiredamericans.org



Statement by Retiree Leader Richard Fiesta

on the 2.8% COLA Increase for Social Security Beneficiaries



The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding the announcement that there will be a 2.8% cost-of-living (COLA) benefit increase for millions of Social Security beneficiaries, disabled veterans and federal retirees next year:

“The 74.5 million Americans who rely on Social Security welcome any increase in their monthly benefits. But let’s be clear, millions of older Americans will still struggle to afford housing, food, utilities, and prescription drugs.

“The average retired worker will see about $52 more per month next year. Yet nearly half of that increase will be wiped out by the higher Medicare Part B premium, which is projected to rise to $206 a month in January. That’s $31 more than in 2025, and would be the first time the premium has exceeded $200.

“Strengthening and expanding Social Security must be a national priority. If billionaires and the wealthiest 1 percent pay their fair share, we can boost benefits for everyone and guarantee the program’s solvency for future generations.

“Instead of working to protect Social Security, too many members of Congress and Trump Administration officials are pushing to raise the retirement age, cut benefits, and even privatize the program. Older Americans have earned these benefits through a lifetime of work; they should not have to fight to keep them.”



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The Alliance for Retired Americans is a national organization that advocates for the rights and well-being of over 4.4 million retirees and their families. @activeretirees www.retiredamericans.org

Alliance for Retired Americans

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📢 Support Social Security Rally!
🗓 When: Friday October 10 and 24th , 2025
📍 Where: Public sidewalk outside the Social Security Administration offices north and south:
⏰ Time 10:00 am Reno Social Security
1170 Harvard Way
Reno, NV 89502
On Friday October 10th and 24th , We will be marching on the sidewalk in support of the most successful program in the United /states, Social Security. Rally with us in support of seniors, SSA workers and for our hard earned benefits!

It is important that you show up and bring family, friends and current workers! Any cuts or privatization will impact most Americans.
💥 Why show up?
✅✅ To send a clear message: Social Security and Medicare are a sacred promise to Americans
✅✅ Seniors and current workers’ pay/paid into these accounts with every pay check!
✅✅ The SSA workforce needs to be expanded not cut!
Bring your sign. Bring your friends. Bring your energy.

🔥 This is our moment. Let’s make it count. 🔥
@SSsacredpromise @SeniorStrong @MedicareMatters@ #SeniorsRally @SSAworkerareneeded

Poverty Among Older Adults Keeps Growing, Now at 15% – Senior Spectrum Newspaper if you aren't in this group, you are blessed