Strengthening Social Security for Vulnerable Groups
NASI
Declining home values, lost savings, and corporate pressures to cut pension costs are undermining retirement security for seniors. At the same time, job losses, pay cuts, and mortgage foreclosures are jeopardizing workers’ dreams of a secure retirement. The recent stock market collapse has resulted in the loss of $2 trillion in private retirement funds. In light of the current financial crisis, Social Security is more important than ever.