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benefit reduction, Congress, cutting benefits, health care options, rating taxes, Social Security Administration, Social Security Trust Fund
Here are the changes Americans are willing to make to fix Social Security, survey finds
June 17, 2022
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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