Social Security projected to cut benefits in 2035 barring a fix
It’s incredibly disheartening to hear that Social Security is projected to cut benefits in 2035 if a fix isn’t implemented. As someone who has been paying into Social Security for almost three decades, the idea of seeing those benefits diminished just as I approach retirement age is frustrating and concerning.
The fact that there is a potential solution – removing the income cap on Social Security taxes – makes the situation even more infuriating. This simple fix could ensure that the program remains solvent for years to come, yet Congress seems reluctant to take action. The staggering ratio of workers paying into the system per retiree only adds to the urgency of finding a solution sooner rather than later.… Continue reading
John Q. Hosedrinker