Senator Lindsey Graham Social Security Status and Finances.The ongoing debate surrounding Social Security and Medicare has been a contentious issue between Republicans and Democrats for years.
Senator Lindsey Graham Social Security Status and Finances
Senator Lindsey Graham, a prominent advocate for Social Security reform, has been vocal about his belief that seniors may need to make adjustments by “taking a little less” and “paying a little more.” Additionally, he suggests that the eligibility age might have to be raised to ensure the solvency of these programs.
Does Senator Lindsey Graham Collect Social Security?
One of the key questions in this debate is whether Senator Lindsey Graham collects Social Security benefits and, if so, the size of his benefit check. While Senators are obligated to file annual financial disclosure reports, these documents only provide financial information in broad ranges, making it challenging to ascertain precise figures.
Graham Stance on Social Security
Given Senator Graham’s strong opposition to the current state of Social Security, one might assume that he has refrained from collecting these benefits. Indeed, this assumption is accurate, according to his financial disclosures.
Past Use of Social Security Benefits
CBS News once reported that Senator Graham and his sister relied on their parents’ Social Security benefits after their parents passed away in the late 1970s. However, a closer look at his financial disclosures from those years reveals an absence of Social Security claims or other reportable earned and non-investment income. This suggests that he did not actively claim Social Security during that period.
Possible Delayed Benefits
Senator Graham, who is currently 68 years old, may have chosen not to draw Social Security benefits yet, even though he became eligible at age 62. It’s possible that he is waiting until age 70 to maximize his monthly benefit, which, given his net worth, would likely be the maximum amount, estimated at $4,555 in 2023.
Senator Graham Background and Finances
After a career as a U.S. Air Force defense attorney and prosecutor, followed by practicing law in South Carolina, Senator Graham was elected to the House of Representatives in 1995. He later ran for the Senate seat previously held by Strom Thurmond in 2002 and has been re-elected multiple times, most recently in 2020.
A decade ago, OpenSecrets.org reported Senator Graham’s estimated net worth at $1.02 million, ranking him as the 69th wealthiest person in the Senate at that time. More recently, Celebrity Net Worth has estimated his net worth at around $2 million, primarily derived from his annual salary of $174,000 as a senator. Notably, Senator Graham is a lifelong bachelor and, as such, does not have a spouse’s income to supplement his earnings.