The coronavirus pandemic has left many Americans questioning the future of Social Security and the size of the checks they will receive in retirement. Former vice president Joe Biden has unveiled a package of proposals aimed at increasing benefits and helping to restore the program's solvency.
Americans count on Social Security for retirement, disability and survivor benefits. But the program's funds could face a shortfall sooner than previously expected due to Covid-19.
The changes would mean more taxes for high earners. But it would also ensure that benefits stay a certain amount above the federal poverty level for those at the bottom.
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