Millenials’ pessimism on Social Security
Abigail Narbe works at a think tank in D.C. Metro and wrote this op-ed piece on Millenials and their views on Social Security. Narbe points out 8 in 10 Millennials don’t expect Social Security support when they retire. Congress narrowly averted an irreversible collapse of Social Security in 1982 by altering the payment structure of the system, but it punted the structural problems to the next generation of retirees, the Millennials, rather than permanently fix the system. She advocates for “a system where we can choose how to plan for our own retirement” rather than counting on Social Security. Read the full piece here.
The Association of Mature American Citizens (AMAC) has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act”. One of its several components is Social Security PLUS, a new yet voluntary early retirement plan that would allow all earners to have more income available at retirement. This component is intended to appeal especially to younger workers. Learn more about AMAC’s Social Security Guarantee here…
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