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Here are the changes Americans are willing to make to fix Social Security, survey finds

June 17, 2022

From the CNBC website

The clock is ticking when it comes to how long Congress has to act to repair Social Security’s trust funds.

New projections from the program’s trustees show the combined trust funds will be depleted in 2035, at which point 80% of benefits will be payable. That’s a year later than last year’s projected depletion date. Still, the outlook for the program’s ability to continue to pay full benefits as promised is grim.

Lawmakers generally have a handful of options, including cutting benefits, raising taxes or a combination of both.

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