Social Security should start sending out bigger checks: Democratic Senators

April 10, 2015 2:12 PM

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Social Security should start sending out bigger checks: Democratic Senators

About 42 Democratic senators think that Social Security should start sending out bigger checks. Last month, they voted for a resolution to strengthen social security benefits. Their vote was largely symbolic, but it represented a significant tactical change by liberal wing of the party. It seems that liberals are tired of fighting proposals that would cut benefits to ensure the long-term solvency of the Social Security. Now, they are changing from defense to offense.

Traditional pension plans have everything but vanished in private sector, and people in the United States do not save enough for their life after retirement. According to estimates by Employee Benefit Research Institute, retirement savings of Americans deficit at about $4.1 trillion.

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