Sanders Cites GAO Study in Push to Expand Social Security
WASHINGTON, June 2 – A new study prepared for Sen. Bernie Sanders (I-Vt.) found that more than half of all American households with someone 55 or older have no retirement savings.
The study was requested by Sanders, the lead sponsor of legislation to increase Social Security benefits.
“This report makes it clear that there is a retirement crisis in America today. At a time when half of all older workers have no retirement savings, we need to expand, not cut, Social Security benefits so that every American can retire with dignity,” Sanders said.