Social Security Reform Could Lift Millions of Retirees Above the Poverty Line—But There's One Major Catch

Social Security Reform Could Lift Millions of Retirees Above the Poverty Line—But There's One Major Catch

Millions of older Americans could receive a meaningful boost to their retirement income under newly reintroduced Social Security legislation that would raise minimum benefits above the federal poverty line. Yet despite the proposal's ambitious reforms, experts say one major obstacle remains: Congress is unlikely to approve it anytime soon. The Social Security 2100 Act, reintroduced in Congress this week, would increase monthly benefits by 2%, gu…