Author Bio
Maurie Backman is a personal finance writer who s passionate about educating others. Her goal is to make financial topics interesting (because they often aren t) and she believes that a healthy dose of sarcasm never hurt anyone. In her somewhat limited spare time, she enjoys playing in nature, watching hockey, and curling up with a good book.
Millions of Americans rely on Social Security to pay their living expenses during their senior years. But there s a big problem: In the coming years, Social Security is expected to owe more money in benefits than it collects in revenue as baby boomers exit the workforce and too few people replace them.
New Bipartisan Bill Aims to Save Social Security - but Will It?
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New Bipartisan Bill Aims to Save Social Security - but Will It?
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Bipartisan plan to fix Social Security draws criticism
CNBC 1 hr ago
Social Security s endangered trust funds could run out sooner thanks to the Covid-19 pandemic.
Now, one bill has been reintroduced that calls for forming bipartisan committees to come up with a plan to fix the program s solvency.
While some advocates say the process would not be transparent enough, others say time is running out to avoid unwanted changes to the program. © Provided by CNBC Sen. Mitt Romney, R-Utah, speaks with reporters about the minimum wage at the U.S. Capitol on March 1, 2021.
Many Americans have one big question when it comes to their retirement: Will Social Security still be there when I need it?