Here's What Experts Say It Will Take to Fix Social Security
The Social Security Board of Trustees expects the program to become insolvent in the next decade, which would result in a sizable cut to benefits. Those who count on Social Security to pay bills are naturally anxious. They want to know if someone is actively working on a solution, and if so, what that solution may be.To learn what experts suggest, I turned to studies by the nonpartisan researchers at The Brookings Institution. Scholars at this American think tank claim their proposed blueprint for Old-Age, Survivors, and Disability Insurance (OASDI), also known as Social Security, would virtually achieve solvency for OASDI over a 75-year period. Image source: Getty Images.Continue reading
The Social Security Board of Trustees expects the program to become insolvent in the next decade, which would result in a sizable cut to benefits. Those who count on Social Security to pay bills are naturally anxious. They want to know if someone is actively working on a solution, and if so, what that solution may be.
To learn what experts suggest, I turned to studies by the nonpartisan researchers at The Brookings Institution. Scholars at this American think tank claim their proposed blueprint for Old-Age, Survivors, and Disability Insurance (OASDI), also known as Social Security, would virtually achieve solvency for OASDI over a 75-year period.
Image source: Getty Images.
