Social Security's Looming Crisis: Tough Choices Ahead

Social Securitys Trust Fund: A Looming Crisis - The Social Security trust fund for old age and survivors is projected to deplete by 2032, potentially extended to 2034 with disability fund tapping. Congress 1980s reforms only bought 50 years of solvency due to slow economic growth post-2007 recession and rising wage inequality. Congress must now consider raising revenue by a third, cutting benefits by a quarter, or a mix of both, to avoid benefit reductions for tens of millions of workers and retirees. 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/709a8e1f31df1890