Social Security Plan to Boost Benefits by $2,400 Floated by Bernie Sanders

The independent Vermont senator urged Democrats to back the expansion of the retirement program rather than benefit cuts.

Sen. Bernie Sanders (I-Vt.) sent a “Dear Colleague” letter to Democrats warning that privatizing Social Security or passing the Protecting Retirement Opportunities and Maintaining Income Security for Everyone, or PROMISE Act, would result in a breakdown of trust among Democratic voters during a key midterm election yea

Sen. Bernie Sanders (I-VT) urged his Democratic colleagues to oppose Social Security cuts to “regain the trust of the American people” as the midterm elections approach. The cause of the independent senator’s concern is that the Social Security Trust Fund can cover 78% of the benefits for more than 70 million retirees

Future of Social Security Benefits: What big changes are coming to Social Security in 2026?  MARCA

Some 70 million recipients, including retirees, spouses and dependents, could see cuts of about $500 per month in seven years, studies show.

A reader writes: “I will likely be in a position to decline my benefits.”