Social Security: Past, Present, and Future

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Social Security COLAs Need to Reflect the Real Expenses Beneficiaries Face

Since President Roosevelt signed it into law, Social Security has become one of the most successful programs in history. Without Social Security, 21.4 million Americans, including 14.5 million seniors and 1.1 million children, would have fallen below the poverty line in 2014.

Social Security will only become more important to future beneficiaries, who must contend with rising inequality, stagnating wages, disappearing employer-sponsored traditional pensions, and growing student loan debt. Today, 52 percent of working-age households are at risk of being unable to maintain their standards of living in retirement. It’s time for Congress to expand Social Security, by requiring the wealthiest to pay their fair share

Social Security: Past, Present, and Future

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