Advertisement

3 Big Changes Washington Wants to Make for Retirees on Social Security

3 Big Changes Washington Wants to Make for Retirees on Social Security

In fact, more than half of seniors lacked the necessary income to support themselves in 1934, prompting a number of states to implement old-age pension programs. Today, 88% of Americans 65 years of age and older receive Social Security benefits, and more than half of retirees say those benefits represent a major source of income. Unfortunately, while the program has undoubtedly kept many seniors out of poverty, the Social Security program is in need of reform.