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.”
Read the full column here.
In a Forbes column, NIRS Executive Director Dan Doonan writes that as America ages and income inequality deepens, concerns about retirement security are mounting. Some voices, however, indicate that retirement concerns are exaggerated, relying on data indicating that older Baby Boomers have largely fared well in retirement. But new research published in The Journal of Retirement […]
Contrary to popular belief that Millennials and Generation Z employees are constantly switching jobs, new research from the National Institute on Retirement Security finds that younger workers today show job retention patterns that closely mirror previous generations at the same stage of their careers.