US. 3 steps toward fixing America’s retirement system
The U.S. retirement system clearly has shortcomings that are leading to widespread insecurity among older workers. In recognition of this anxiety, recent meetings in Washington, D.C., focused on the system’s much-needed modernization as the Bipartisan Policy Center (BPC) launched its Funding Our Future initiative. It focuses on three significant changes that could significantly improve retirement for many U.S. workers:
Put Social Security on a sustainable financial path. More than two-thirds of Americans worry that Social Security won’t be there when they need it. Yet an achievable combination of modest benefit adjustments and revenue enhancements with a net value of 2.84 percent of payroll could put the system on a long-term sustainable path.
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