Joe Biden Wants to Tax the Rich to Save Social Security, but This Isn't as Cut-and-Dried a Solution as You Might Think
For a majority of future retirees, Social Security will play a key role in their financial well-being. We know this because more than two decades of annual surveys from national pollster Gallup have shown that between 76% and 88% of non-retirees expect to rely on their Social Security benefit, in some capacity, to make ends meet during their golden years.
Although Social Security has been a guaranteed source of payouts for eligible retired workers since the first payouts began in January 1940, this all-important program is on ever-shakier financial footing.
Americans are looking to their elected officials in Washington, D.C. to shore up America's top retirement program -- and that begins at the top with President Joe Biden.
Source Fool.com
