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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOn Social Security's 84th Birthday, New Reports Show Importance of Expanding Benefits
https://socialsecurityworks.org/2019/08/14/social-security-84th-birthday/NOTE: AUGUST 14TH WAS THE 84TH ANNIVERSARY OF THE DAY SOCIAL SECURITY WAS SIGNED INTO LAW BY FDR
To mark the anniversary, Social Security Works has released a series of reports showing how important Social Security is to beneficiaries in all 50 states, the District of Columbia and US territories. To view the reports, go to: https://socialsecurityworks.org/2019/08/12/social-security-works-for-america-2019/
Today marks 84 years of success for our nations Social Security system. As our reports show, Social Security is an essential protection for nearly 63 million Americans including veterans, children, people with disabilities, seniors, and many others.
They receive $941.3 billion in benefits, much of which is spent in their local communities. Social Security is the lifeblood of many small businesses, always present and always supporting jobs that stay in America.
The Social Security 2100 Act, which is co-sponsored by 210 House Democrats, protects and expands Social Securitys modest benefits. Nearly every Democrat running for President also supports expanding, not cutting, Social Securitys modest benefits.
Unfortunately, not a single House Republican has co-sponsored the Social Security 2100 Act. Theyve also refused to release a plan of their own, indicating that their actual plan is to allow benefits to be automatically cut by 20 percent due to a projected shortfall around the year 2035.
RELATED: https://www.democraticunderground.com/100212384140
Bengus81
(6,932 posts)With that RIDICULOUS cutoff of $132K in income per year. Dems want to bump it up to over $400k per year which would add MILLIONS of $$$$ to the SS coffers.
CousinIT
(9,251 posts)virgogal
(10,178 posts)mopinko
(70,158 posts)we really need some kind of credits for caregivers.
i spent most of my life as a full time mom. i have some credits of my own, but my ex paid the max for years and years.
so that is where my retirement lays.
but.
i am divorced now, and i cant get the spousal bennies until i am 68, because he is younger than i.
that isnt so bad, but i cannot remarry, even if i wanted to, because i will lose my benefits. i wrote it into my divorce that remarriage would not affect my maintenance, but cant do that w the feds.
the other side of the coin is no better.
2 income couples where the lower income, usually the wife's, goes down a black hole.
i wonder how much these sunken wages support the system.