The Grim Reality of Joe Biden's 4-Point Plan to Change Social Security
Although the average Social Security benefit is a relatively modest $1,835 per month for retired workers, as of April 2023, it's nevertheless a vital source of income for the vast majority of seniors.
In each of the past 22 years, national pollster Gallup has asked an assortment of seniors how reliant they are on their monthly Social Security check. No fewer than 80% of retirees spanning all 22 years have stated that they lean on their payout as either a "major" or "minor" income source. In other words, ensuring that America's most-successful retirement program remains on solid financial footing is of the utmost importance.
Unfortunately, Social Security's financial foundation is cracking, and the American public is looking to Washington, D.C., for a fix. The big question is: Do lawmakers, beginning at the top with President Joe Biden, have the answers?
Source Fool.com
