Sanders is right: Biden is vulnerable to Trump on Social Security
A Washington Post column says that Bernie Sanders is “a longtime Social Security champion and last year introduced legislation that would increase benefits for lower-income Americans, as well as change the cost-of-living formula to compensate for the higher inflation seniors experience thanks to their disproportionate medical spending.”
“It’s tough to overstate how important Social Security is: As the National Institute on Retirement Security pointed out in a study released Tuesday, the program is the only income source for 40 percent of retirees over the age of 60. Age discrimination remains a potent issue. For all the talk of raising the retirement age to account for longer lifespans, a majority of people over the age of 50 are likely to be forced out of their job at some point. This stuff is a day-to-day reality for millions of Americans. Whether or not Biden’s record on Social Security gets a full hearing in the Democratic primary — starting, say, with Tuesday night’s debate — it will certainly get one in a general election if he’s nominated.”
80% of Americans Say U.S. Faces Retirement Crisis Amid Affordability Pressures and Debt
New national research from the National Institute on Retirement Security finds that 80 percent of Americans believe the nation faces a retirement crisis, as rising costs, debt, and other affordability pressures make it harder to save. The survey also finds widespread caution about AI-generated financial advice and cryptocurrency in workplace retirement plans, while 85 percent say Washington should make retirement security a higher national priority.
