Social Security
I'm one of the youngest Millennials, born in 1995. Every day, I work to organize young people to take back our government by electing leaders who will fight for our future instead of for corporate donors. That includes fighting to expand, never cut, Social Security's modest benefits.
Wall Street and its allies have spent decades attempting to convince my generation that Social Security won't be there for us—but that's not true. In fact, Millennials and Gen Zs will rely on our Social Security system even more than our parents and grandparents do.
It is going to be a busy fall for legislators and regulators dealing with retirement policy.
Congress is to consider separate bills that reform the finances of both Social Security and struggling pension plans. Another bill that expands retirement saving options also will be on the legislative docket. Meanwhile, several states and professional groups will be working to toughen ethical standards for financial advisers.
Here's a roundup of the central issues likely to make headlines during what remains of 2019.
When Rep. John Larson, D-Conn., travels the country to talk about his plan for Social Security reform, he often holds up a Starbucks coffee cup.
The cost of that latte — about $4.50 — could also cover nine weeks of Social Security payments if you're making $50,000 per year, Larson said he points out to seniors on those visits.
