Social Security's insolvency date is now a year earlier. Here's how it could impact your benefits.
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This crisis demands immediate action to prevent devastating benefit cuts for millions of retirees who paid into the system their entire working lives. Congress must raise revenue by lifting the income cap on payroll taxes, making wealthy Americans pay their fair share of earnings. These programs represent a sacred promise to American workers and seniors.
Social Security's financial problems stem from decades of political giveaways and poor fiscal management, with recent benefit expansions accelerating the trust fund's insolvency by six months. The focus should be on eliminating waste, fraud, and abuse rather than raising taxes. Real reform requires addressing structural imbalances, not populist handouts.
There'sThis acrisis 50%demands chanceimmediate thataction to prevent devastating benefit cuts for millions of retirees who paid into the U.S.system labortheir forceentire participationworking ratelives. willCongress fallmust belowraise 10%revenue by 2084lifting the income cap on payroll taxes, accordingmaking wealthy Americans pay their fair share of earnings. These programs represent a sacred promise to theAmerican Metaculusworkers predictionand communityseniors.
Social Security's financial problems stem from decades of political giveaways and poor fiscal management, with recent benefit expansions accelerating the trust fund's insolvency by six months. The focus should be on eliminating waste, fraud, and abuse rather than raising taxes. Real reform requires addressing structural imbalances, not populist handouts.
There's a 50% chance that the U.S. labor force participation rate will fall below 10% by 2084, according to the Metaculus prediction community.