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These Are the 6 Social Security Changes Americans Want to See
Social Security is currently facing a shortfall of nearly $23 trillion over the next 75 years, according to the latest Trustees Report. The latest estimates suggest the program's trust funds will be depleted in less than a decade. The worst-case scenario would see benefits slashed by nearly one quarter, though this isn't likely.Government officials have been throwing out ideas for how to increase Social Security's funding for years. Nothing has gained traction yet, though we can expect these proposals to increase in number and in urgency as we near the trust funds' depletion date.Image source: Getty Images.Continue reading
Social Security is currently facing a shortfall of nearly $23 trillion over the next 75 years, according to the latest Trustees Report. The latest estimates suggest the program's trust funds will be depleted in less than a decade. The worst-case scenario would see benefits slashed by nearly one quarter, though this isn't likely.
Government officials have been throwing out ideas for how to increase Social Security's funding for years. Nothing has gained traction yet, though we can expect these proposals to increase in number and in urgency as we near the trust funds' depletion date.
Image source: Getty Images.
