So… how are people going to live off that $1200 Social Security check?
We need to improve Social Security. There are lots of ways we could do this. We could increase our contribution to Social Security, we could remove the cap on it (currently,only the first $110,100 is taxed). Or we could consider the plan by economist Teresa Ghilarducci to create guaranteed retirement accounts for every American to supplement Social Security.
Social Security is a gem. Let’s not just save it. Let’s improve it.
Laura McClure is a writer and editor based in Bovina Center.