Joe Biden Wants to Make Big Changes to Social Security: 10 Things You Need to Know
For most Americans, Social Security is a necessary source of income that helps make ends meet. More than two decades of annual polling from Gallup have shown that between 80% and 90% of then-current retirees, along with 76% to 88% of future retirees, are or expect to be in some way reliant on their monthly Social Security check to cover their expenses.
To ensure the financial well-being of an aging workforce, the foundation of America's top retirement program needs to remain rock-solid. Unfortunately, cracks in this foundation have been apparent for nearly four decades.
More than 67 million current beneficiaries, along with well over 100 million workers in the labor force, are counting on elected lawmakers to strengthen Social Security and avoid a catastrophe. This includes President Joe Biden, who, prior to being elected as president in 2020, unveiled a multipoint plan to overhaul Social Security.
Source Fool.com
