How Americans would prefer to solve the Social Security insolvency - CNBC
The Social Security Trustees estimate that if lawmakers take no further action, Social Security’s combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust fund reserves will be depleted in 2035. After 2035, Social Security could still pay roughly 83 percent of scheduled benefits using its tax income even if lawmakers took no steps to shore up the program. However, due to the passage of the Social Security Fairness Act, the depletion date will be moved up to six months sooner. So, how would Americans solve this problem? Lorie Konish reports on a new survey asking Americans what changes they would make to close Social Security’s financing gap. Read Ms. Konish’s article here…
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