The Possible Stealth Social Security Cut You Can’t Afford to Ignore
The long-term financial challenges that Social Security face have been well-publicized, with annual looks at the program’s financial condition predicting the exhaustion of the Social Security Trust Fund within the next 20 years or so. In response, policymakers have come up with several high-profile solutions, ranging from highly controversial moves to raise the retirement age as high as 70 to eliminating the cap on the amount of annual wages subject to Social Security taxes. Moves such as changing the formula on which Social Security makes its annual cost of living adjustments to benefit amounts have also gained plenty of attention….Read More
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