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Democratic Senator Elizabeth Warren, Democratic presidential candidate, said Thursday that he "was having more and more trouble saving enough for a decent retirement," announced a plan to increase monthly social security benefits. $ 200 for each current and future beneficiary.
The plan, which the Massachusetts Democrat described as "the largest and most progressive increase in social security benefits in nearly half a century," was published several hours before Warren joined nine of its 2020 rivals for the third Democratic Democratic debate.
WARREN says that Democrats can not choose a candidate we do not believe in fear, because we are scared.
Warren said that "typical social security benefits are now relatively modest," noting that the average beneficiary receives $ 1,354 a month, or $ 16,248 a year. Nearly 64 million Americans are beneficiaries of social security.
"And here is the even more frightening part: if we do not act now, future retirees will be even worse off than the current ones," she said.
Warren's proposal also calls for updating what she describes as "obsolete rules to further increase benefits for low-income families, women, people with disabilities, public sector workers, and people with disabilities." color".
The populist senator – who has released a progressive policy proposal after another this year while she shows up at the White House – will pay to extend the solvency of social security by nearly two decades with the income from his plan to tax the richest Americans.
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Warren included an independent analysis of Moody's chief economist, Mark Zandi, who said the senator's plan "would immediately lift some 4.9 million seniors out of poverty, reducing the rate poverty rate of 68% ".
Zandi also said that Warren's proposal to raise premiums for the most generous taxpayers and increase average benefits by almost 25 percent for those at the bottom of the income distribution would create a much more progressive social security system.
As beneficiaries of social security live longer, the number of beneficiaries should reach 80 million people. And the slowing of the population means that fewer young workers have to contribute to the system, which raises solvency problems.
The latest projections from the Social Security Administration Board indicate that the reserves used to partially fund the system should be exhausted by 2035.
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