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Young people & Social Security– Don’t Just Sit on Sideline
Bella Devaan has an op-ed piece here in The Boston Herald. She notes the low wages earned by the young and the difficulty in saving for retirement. She states, “Let’s raise the minimum wage, strengthen labor rights, guarantee housing and health care, and fight climate change.” Her opinion is to raise taxes to shore up Social Security, a frequent reform idea pushed by The Left. Full op-ed here.
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 an increase in the threshold where 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.