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Zeroing in on Social Security Post-Election Possibilities

While the voting public awaits details on Presidential candidate Kamala Harris’s position on our troubled Social Security system, perspectives are beginning to develop. Yes, it’s only been a few days since the top of the Democrat ticket changed hands, but it’s reasonable for those concerned–especially seniors–to be anxious about the presidential candidates and their thoughts on what, if any, steps will be put in motion to address Social Security’s steadily unraveling finances. Yesterday, for example, a Latest News post on this site touched lightly on some of the expectations ahead for Ms. Harris.

We follow yesterday’s post with a more detailed set of projections advanced by GoBankingRates’ Vance Cariaga in a post on nasdaq.com. Cariaga outlines five potential outcomes from Ms. Harris’s position on Social Security, from higher taxes on certain income levels to increases in funding for the Social Security Administration, along with some improvement in the benefits offered to lower-income recipients. Read Cariaga’s post in full here.

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