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Building an Economy for All, Economy
Washington, D.C. — Center for American Progress Executive Vice President for Policy Carmel Martin issued the following statement in response to President Barack Obama’s remarks on Wednesday regarding a proposal to expand Social Security benefits:
Our country faces a looming retirement crisis: 10,000 people turn 65 every day. The fastest growing age group in America is not teens or 20-somethings—it’s people over 80. Strengthening and expanding Social Security is an essential step to ensure that Americans will be able to retire with dignity and security. Unless we take action, millions of workers nearing the end of their careers will not be able to maintain the standard of living they had before retirement—and even fewer members of younger generations are on track to attain it. President Obama’s announcement helps shift the debate about Social Security to where it needs to be: How to best ensure that all Americans can have a dignified retirement. The Center for American Progress has supported a number of proposals to increase Social Security benefits—from increasing the minimum benefit to boosting benefits for caregivers and widows. We applaud President Obama for helping move the nation in the right direction.
Our country faces a looming retirement crisis: 10,000 people turn 65 every day. The fastest growing age group in America is not teens or 20-somethings—it’s people over 80. Strengthening and expanding Social Security is an essential step to ensure that Americans will be able to retire with dignity and security. Unless we take action, millions of workers nearing the end of their careers will not be able to maintain the standard of living they had before retirement—and even fewer members of younger generations are on track to attain it.
President Obama’s announcement helps shift the debate about Social Security to where it needs to be: How to best ensure that all Americans can have a dignified retirement. The Center for American Progress has supported a number of proposals to increase Social Security benefits—from increasing the minimum benefit to boosting benefits for caregivers and widows. We applaud President Obama for helping move the nation in the right direction.
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