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Further Means Testing Recommended for Social Security - indexbox.io; CRFB
As the projected date of trust fund full depletion moves closer–it’s most recently been estimated for 2032, a mere six years away–activity on the proposal front is building. This is certainly a welcome trend, given the lack of attention Congress has paid over the years to this catastrophe facing America’s seniors. How all of these emerging concepts will all fit together to produce a sustainable pathway for Social Security remains to be seen, of course, but there’s no doubt that Congress will have much to consider as the end of the road approaches.
The Committee fr a Responsible Federal Budget (CRFB) is one of the many organizations spending time at the drawing board to craft thought-provoking suggestions for Social Security reform. CRFB recently floated their “Six Figure Limit” plan (SFL), suggesting that benefits would be capped at $100,000 for a couple and $50,000 for an individual. A brief analysis of this proposal was published by indexbox.io over the weekend…check it out here. For a more complete discussion on the SFL, check out this report on the CRFB website.
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