Social Security benefits will shrink beginning in 2032 unless Congress changes the law because, at that point, the Social Security trust fund will run dry. To address this problem, Congress may raise taxes, change the formula that determines benefits, or simply add to the federal deficit and national debt. This Social Security cliff is a […]
Social Security benefits will shrink beginning in 2032 unless Congress changes the law because, at that point, the Social Security trust fund will run dry. To address this problem, Congress may raise taxes, change the formula that determines benefits, or simply add to the federal deficit and national debt. This Social Security cliff is a […]
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