Kent Conrad and James Lockhart outline a bipartisan proposal that allows Americans the opportunity to easily save for retirement straight from their paychecks.
The policy center called for lifting Social Security’s minimum benefit for very-low-income seniors, and enhancing the program’s survivor benefit.
Kent Conrad and James Lockhart discuss a bipartisan proposal that would help boost retirement savings, including Social Security.
Conrad and Lockhart joined SiriusXM’s P.O.T.U.S. channel to discuss the challenges facing Social Security and outline key reform proposals included in a new BPC report.
The aging of baby boomers and the looming funding crisis for Social Security have spurred candidates, lawmakers, and experts to propose ways to boost retirement savings.
Two new proposals, plus a groundswell of support for the idea both on and off Wall Street, suggest that we may see real movement toward expanded workplace retirement plans.
Relatively modest changes could help many more Americans achieve a comfortable retirement. And that should be enough reason for policymakers to act.