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According to a Survey a majority of American adults under 65 are concerned about Social Security and Medicare being available to them - FortuneWell
Rising health care costs are behind a rising fear that Americans under 65 will not have adequate social support as they age. They are concerned about B the future of Medicare as well as Social Security. Some experts predict that, with the increase in older Americans by 2040, this concern is valid. Read this article by Alexa Mikhail published by FortuneWell on June 5, 2024.
As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens (AMAC, Inc.) believes Social Security must be preserved and modernized. This can be achieved without tax increases by slight modifications to cost of living adjustments and payments to high income beneficiaries plus gradually increasing the full (but not early) retirement age. AMAC Action, AMAC’s advocacy arm, supports raising the thresholds at which benefits are taxed and then indexing for inflation, and calls for eliminating the reduction in people’s benefits for those choosing to work before full retirement age. AMAC is resolute in its mission that Social Security be preserved for current and successive generations and has gotten the attention of lawmakers in D.C., meeting with many congressional offices and staff over the past decade.
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