Biden Signs Law Adjusting Social Security

The video discusses the Social Security Fairness Act, which aims to address issues in the Social Security system affecting public service workers. The Act's passage is timely due to the increasing number of retiring baby boomers. Experts suggest the Act will impact the system's ability to pay full benefits. The video also highlights the financial stress faced by Gen X, who were the first to experience the shift from pension plans to 401Ks, and are now part of the 'sandwich generation' supporting both their children and elderly parents.

What is the main purpose of the Social Security Fairness Act?

Why has the Social Security Fairness Act become more pressing recently?

What concerns do experts have regarding the future of Social Security benefits?

How has the financial landscape changed for Generation X compared to previous generations?

What challenges does the sandwich generation face in terms of financial planning?