Social Security's Looming Crisis: Solutions & Politics

Social Securitys Trust Funds: A Looming Crisis and Potential Solutions The Social Security Trust Funds are projected to run dry by 2033, leaving a shortfall that Congress must address. Options include raising the payroll tax, increasing the full retirement age, or lifting the earnings cap. However, politicians are hesitant to implement tax hikes that affect their donors and seniors, who vote in large numbers. A combination of tweaks is likely the solution, as history shows that Congress often waits until the last minute to act. Keep an eye on Hill moves that could impact your retirement. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2955d752ad1af8ff