Here's How Elizabeth Warren Would Change Social Security
Social Security is one of the most contentious issues in American politics, and as the 2020 presidential campaign continues to ramp up, candidates have looked at ways to change the program. In particular, an increasing number of proposals have looked for ways to expand Social Security to extend larger benefits to some recipients, especially those in demographic groups who have greater financial needs.
Sen. Elizabeth Warren (D-Mass.) has long been a proponent of expanding Social Security, and earlier this week, she revealed her latest proposal about the program. Warren's strategy would make major changes to Social Security, boosting benefits for all and imposing new taxes on high-income earners to finance them.
Warren's proposal focuses on the financial straits that many Social Security recipients are in right now. According to her numbers, more than 7 million senior citizens live under the poverty line. With costs of living on the rise, especially in key areas for seniors like healthcare, it's hard to make ends meet. Few older Americans have significant retirement savings, and many even still have considerable debt to repay.
Source Fool.com
