Reported 2 months ago
With President Biden's exit from the presidential race and endorsement of Kamala Harris, concerns about Social Security under her potential presidency arise. Although Harris has supported Biden's initiatives to strengthen Social Security, including advocating for larger COLAs based on the Consumer Price Index for the Elderly (CPI-E) and increasing taxes on high earners, the effectiveness of these proposals amid the program's financial challenges remains uncertain. As her detailed action plan is yet to be revealed, workers and retirees should closely monitor her campaign developments regarding Social Security.
Source: YAHOO