“It is urgent, indeed, imperative that this Congress votes on expanding Social Security to address the nation’s looming retirement crisis, as well as other challenges facing our nation,” said Nancy Altman, president of Social Security Works. , to House MPs during Tuesday’s hearing.
The Social Security 2100 Act: A Sacred Trust “is a solution,” Altman said. “It will improve the economy, create jobs and contribute significantly to the safety of working families.”
Robert Roach, president of the Alliance for Retired Americans, told lawmakers the bill will help expand benefits for all Social Security beneficiaries, increase Social Security fund solvency and improve the Social Security system. It is imperative that Congress act to enact the Social Security 2100 Act.”
Roach added that nearly 50% of retired Americans today “depend on Social Security for half of their income, and one in four Americans over age 65 rely on Social Security for 90% of their income.”
Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, explained in his testimony that “Social Security has long been an extremely popular program across the political spectrum. It has provided hardworking Americans with security and financial stability no matter where they live, where they work or how much income they earn.”