'We don't have a Social Security crisis, but we do have a retirement income crisis... The solution is to expand Social Security.' SSWorks
"We don't have a Social Security crisis, but we do have a retirement income crisis," said Social Security Works in response to the Board of Trustees report."With prices rising, seniors and people with disabilities are struggling to afford food and medicine. The solution is to expand Social Security."
According to the Board of Trustees report, Social Security is currently fully funded until 2035 and—even without Congressional action to expand the program—would be able to pay 90% of benefits for the next 25 years. The appropriate answer to any projected shortfall, said SSW, is to"make the wealthy pay their fair share!"
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Go-broke dates pushed back for Social Security, MedicareA stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.
Read more »
Lebanese security chief fears political paralysis, social collapseA senior Lebanese security official has said the risk of political paralysis has increased since an election produced a fractured parliament last month, warning of a possible 'disaster' because there is no majority to legislate.
Read more »
Go-broke dates delayed for Social Security, MedicareA stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.
Read more »
What happens to Social Security if I marry my same-sex partner?Marrying your partner will give you several rights, including financial ones.
Read more »
Go-broke dates pushed back for Social Security, MedicareA stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.
Read more »