return2ozma@lemmy.worldBanned from community to News@lemmy.world · 1 month agoSocial Security payments predicted to be cut in 2032www.newsweek.comexternal-linkmessage-square53linkfedilinkarrow-up1227arrow-down14cross-posted to: usa@lemmy.ml
arrow-up1223arrow-down1external-linkSocial Security payments predicted to be cut in 2032www.newsweek.comreturn2ozma@lemmy.worldBanned from community to News@lemmy.world · 1 month agomessage-square53linkfedilinkcross-posted to: usa@lemmy.ml
minus-squareCOASTER1921@lemmy.mllinkfedilinkarrow-up2·1 month agoRemoving the cap is a complete no-brainer but on its own not enough to solve the problem. The fact we can’t even do that gives me zero confidence that it will be solvent to fully pay benefits when I ultimately retire. There’s a polished calculator for the impact of each policy change here: https://www.crfb.org/socialsecurityreformer/ Imo there are many reasonable solutions, but the only “free” thing that won’t upset the public is removing the cap, and we can’t even do that.
Removing the cap is a complete no-brainer but on its own not enough to solve the problem. The fact we can’t even do that gives me zero confidence that it will be solvent to fully pay benefits when I ultimately retire.
There’s a polished calculator for the impact of each policy change here: https://www.crfb.org/socialsecurityreformer/
Imo there are many reasonable solutions, but the only “free” thing that won’t upset the public is removing the cap, and we can’t even do that.