Secretary Bessent's Social Security remarks spark AARP outcry
The advocacy group for older Americans sent a strong message on the Treasury Secretary's comments.
The AARP changed into based in 1958 to struggle for the needs of older People — and defending Social Security as extreme to retirement income has consistently been a key fragment of its mission over time.
Particularly, opposition to Social Security privatization has been a truly critical a part of the AARP's advocacy.
The AARP’s resistance to privatizing Social Security changed into an pressing topic in the early 2000s, when President George W. Bush proposed a policy allowing workers to channel a part of their payroll taxes into non-public funding accounts.
The nonprofit organization reacted, arguing that the thought threatened the core mission of Social Security by changing precise, assured advantages with market-driven returns that may fluctuate and fail retirees.
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