Joe Biden (Photo: Andrew Cuatro/Biden campaign) Former Vice President Joe Biden. (Photo: AndrewCuatro/Biden campaign)

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In laying out his economic priorities, presumptive Democraticnominee Joe Biden, the former vice president, vowed to reject"every effort to cut, privatize or weaken" Social Security,including attempts to raise the retirement age, diminish benefitsby cutting cost-of-living adjustments, or reduce earnedbenefits.

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Biden's 110-page economic manifesto, released after hisvisit to Scranton, Pennsylvania, on Thursday, called SocialSecurity "the most enduring thread in our nation's social safetynet." Biden pledged to "enact policies to make Social Security moreprogressive, including meaningfully increasing minimum benefitpayments, increasing benefits for long-duration beneficiaries, andprotecting surviving spouses from benefit cuts."

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Democrats, Biden said, will also "act to protect public andprivate pensions" and "equalize the network of retirement savingtax breaks so that working people can build their nest eggsfaster."

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Making college more affordable and authorizing up to $10,000 instudent debt relief per borrower also topped Biden's list.

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As to bouncing back from the pandemic, Biden said: "The economyis not working for the American people. In a matter of weeks, theabject failure of President Trump and his Administration tocompetently respond to the COVID-19 pandemic erased all the jobgains made since the Obama-Biden administration pulled the countryout of the Great Recession, and plunged the economy into recessiononce more."

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Solving the public health crisis posed by the pandemic, Bidensaid, "is the surest way to get the economy back on track."

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Melanie Waddell

Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2023. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.