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Pressures on Social Security Projected
(Source - www.fedweek.com)
Changing demographics and extended life expectancies will put pressure on Social Security finances beyond what has been previously projected, a Congressional Budget Office report has said. The report provides updated figures on often-reported trends but carries a new warning about the future absent changes in either outlays or income to the program—potentially including an increase in the required contributions of covered persons by 4.4 percentage points. Read more…
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