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Is there a reasonable solution to Social Security woes?
Social Security Trust Fund will be able to pay scheduled benefits on a timely basis until 2034, according to the latest report. At that time, the reserves will become depleted. Continuing tax income will be sufficient to pay 77 percent of scheduled benefits. Some lawmakers have introduced potential solutions to prevent a reduction in benefits; unfortunately, no solution has proven agreeable to both political parties. Maurie Backman asks whether any reasonable solutions to Social Security’s financial woes exist. Read Ms. Backman’s article here…
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