Sanders joined a conference call with Social Security Works on Thursday to highlight the conclusions of a report on the impact of income inequality on the Social Security program. It was authored by Ben Veghte, policy director at Social Security Works.
“The peerless rise in income inequality has harmed Social Security financing,” said Nancy Altman, co-Director of Social Security Works. “When the amendments to Social Security were enacted in 1983, Social Security was projected to be able to pay benefits through 2057. Now benefits are being projected to be paid in full only until 2033. What happened? No one foresaw back then was the upward distribution of wealth that we have seen then.“
She said that while enemies of Social Security have tried to pit groups against one another in an attempt at misdirection, “Today with this report, we will return our gaze to where it belongs, on our income and wealth inequality.”