Nancy J. Altman is president of Social Security Works and chair of the Strengthen Social Security coalition. She has a 40-year background in the areas of Social Security and private pensions. Her latest book is 'The Truth About Social Security: The Founders' Words Refute Revisionist History, Zombie Lies, and Common Misunderstandings' (2018).
On Labor Day , we celebrate the contributions of workers. The best way to honor those contributions is to increase their compensation. A key part of their pay is deferred compensation in the form of Social Security . Working families earn their Social Security when they work and collect benefits when their work stops as the result of old age, disability, or death, leaving dependents. It is well past time to expand those earned Social Security benefits.
Additional bills that would make positive changes to Social Security have been introduced as well. All of these bills not only address our nation’s looming retirement income crisis, but other challenges the nation faces, including rising income and wealth inequality. In fact, rising inequality has cost Social Security billions of dollars each year. Those are billions of dollars that should go to expanding Social Security.
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