3 Ways Your Social Security Benefits Could Increase Under Biden

Nearly 90% of older adults depend on Social Security benefits in retirement, according to a survey from Gallup. Also, more than one-third of Americans say their monthly checks are a major source of income.

But Social Security is on shaky ground, and the Social Security Administration predicts its trust funds will be depleted after 2034. When that happens, retirees will see benefit cuts of up to 24%, unless Congress finds a solution to the program's cash shortage before then.

While nobody knows precisely what the next presidential administration will accomplish, President-elect Joe Biden's plan for Social Security includes increasing benefits for millions of retirees. Here are three ways you could collect more from your monthly checks.

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Source Fool.com