S 5017
Safeguarding American Families and Expanding Social Security Act of 2024
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Bill overview
This bill, the Safeguarding American Families and Expanding Social Security Act of 2024, aims to bolster the retirement security of U.S. families by increasing Social Security benefits for current and future recipients. It proposes several key changes, including adjustments to the benefit calculation formula, an increase in minimum benefits for low-income earners, and modifications to how taxable wages are determined. The bill also addresses issues such as caregiver wages and disability benefit eligibility, while aiming to strengthen Social Security’s long-term financial stability.
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