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The provisions of Social Security have been changing since the 1930s, shifting in response to economic worries as well as concerns over changing gender roles and the position of minorities. Officials have responded more to the concerns of women than those of minority groups. [36] Social Security gradually moved toward universal coverage.
The FTC Act does not give consumers the right to sue for violations of the act, but consumers may complain to the Commission about acts or practices they believe to be unfair or deceptive. [14] Consumers may, however, be authorized to sue under a state "UDAP" (unfair, deceptive and abusive practices) statute, sometimes called a "Little FTC Act."
Image source: Getty Images. 7. Trump is a big fan of operating efficiency. Like his predecessors, the incoming president has taken a predominantly hands-off approach to Social Security.
The Social Security bill Kamala Harris co-sponsored would also increase the special minimum benefit for lifetime low-earning workers to 125% of the federal poverty level and index it in future years.
1980 - Social Security Disability Amendments of 1980, Pub. L. 96–265 1980 - Reallocation of Social Security Taxes Between OASI and DI Trust Funds, Pub. L. 96–403 1980 - Retirement Test Amendments, Pub. L. 96–473
"We work to pay the right people the right amounts at the right time, and Social Security issues correct payments in most cases," a Social Security spokesperson said.
But Social Security benefits are designed to replace about 40% of a person's working income. Gen X, meanwhile, is also shaping up to hit retirement without enough saved for their golden years.
For example, a "normal" spousal or widow(er)'s benefit of $1,000/month was reduced to $0.00, if the spouse or widow(er) was already drawing a non-FICA taxed government pension of $1,500 or more per month. Pensions from work where Social Security taxes were paid, did not reduce Social Security spousal or widow(er)'s benefits.