In a speech on the Senate floor on Monday, Sen. Elizabeth Warren (D-MA) called for more generous CPI calculations to boost Social Security benefits. Warren's speech was reported here by Washington Post columnist Ezra Klein, who wrote that increases should be even larger.
In addition to boosting Social Security benefits, which Warren heralded “as the principal lifeline for millions of our seniors,” she called for ways to help people save more and have access to better pensions. In a sign that retirement planning has gone mainstream, some experts believe it will be a major issue in the 2016 presidential campaign.
The next day, Klein called for even greater increases in Social Security benefits, commenting: “Social Security has been wildly successful at raising living standards for the elderly, even as other forms of retirement savings have grown shakier. We've gotten so used to thinking of our entitlement programs as problems to be solved, we're missing all the problems they can solve.”
