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Candidates Social Security Plans Fall Short of Resolving Issues
Both of the front-running Democratic presidential hopefuls - Joe Biden and Bernie Sanders - have floated plans to reform Social Security. While it’s refreshing to see that Social Security is finally coming to the forefront of American politics, an independent study of both candidates’ plans by The Wharton School of the University of Pennsylvania reveals that both proposals fall well short of actually resolving Social Security’s issues, and that both will also have a negative impact on the American economy. Of course, we know that candidate proposals during the election cycle are little more than hyperbole meant to sway voters, but it’s also true that Social Security will, indeed, be facing some serious financial issues in about 15 years unless Congress acts soon to reform the program. And although serious reform seems elusive in the current contentious political climate, the Association of Mature American Citizens (AMAC) has, nevertheless, been steadfast in promoting it’s proposal to resolve Social Security’s looming financial issues.
AMAC has been trying to strengthen Social Security by developing and proposing its “Social Security Guarantee.” AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC‘s Social Security Guarantee, click here.
To read in Yahoo! Finance about The Wharton School’s analyses of presidential candidates’ proposals to reform Social Security, click here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.