PERSONAL FINANCE
Personal Finance

Americans agree to increase Social Security benefits for two groups: Is there a real chance?

Some think it would be fair to see an increase

Social Security
Social Security

The majority of Americans would be on board with two certain groups in society getting an increase in their Social Security benefits.

Social Security has come under the microscope in recent weeks with many fearing the changes that will likely come with Donald Trump's istration.

Now, a new AARP-funded study by the National Academy of Social Insurance (NASI) has revealed that a significant bipartisan majority of Americans are in favor of making changes to social security benefits for two groups which would see the money they receive go up.

This is an issue that clearly goes beyond party lines as plenty of Democrat voters and Republican voters are on board with the idea.

The two potential changes to Social Security would create:

A caregiving credit for parents who miss out on income and thus receive lower social security payments

The establishment of a 'bridge benefit' for older workers with a history of physically demanding work who often have to retire early

Clear for change

The survey found that almost 60% of participants the caregiving credit and over 60% the bridge benefit.

"It is rare in today's political climate to see people unite around anything, but virtually all Americans want their Social Security benefits to be preserved and are willing to do what it takes to ensure the program continues to provide meaningful for future generations," said Debra Whitman, AARP's chief public policy officer in a statement.

With Social Security benefits being dependent on how much an individual worked and contributed to the state, women and parents in general who have stayed home with their children as they grow up end up at a disadvantage.

The same concept applies to those who worked physically demanding jobs in their youth and thus sustained a number of long-term physical ailments due to their careers.

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