Newsweek on Nostr: Social Security update: Economist warns Trump plan may speed up insolvency ========== ...
Social Security update: Economist warns Trump plan may speed up insolvency
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Economist Francois Melese warns Trump's Social Security plan may accelerate insolvency; nearly 73 million Americans receive benefits, with 56 million aged 65 or older; SSA projected to run out of money by 2035; Trump's proposal to eliminate taxes on benefits could lead to insolvency by 2031 and reduce payments by one-third in 2035; Melese suggests merging Social Security Disability Insurance and Supplementary Security Income to improve efficiency; Trump emphasizes protecting Social Security without cuts; RNC supports no changes to retirement age; Biden's Social Security Fairness Act may face challenges under Trump administration.
#SocialSecurity #DonaldTrump #FrancoisMelese #Economics #Insolvency #UsPolitics #Retirement #Legislation #Biden #Rnc
https://www.newsweek.com/francois-melese-social-security-insolvency-donald-trump-2013662
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Economist Francois Melese warns Trump's Social Security plan may accelerate insolvency; nearly 73 million Americans receive benefits, with 56 million aged 65 or older; SSA projected to run out of money by 2035; Trump's proposal to eliminate taxes on benefits could lead to insolvency by 2031 and reduce payments by one-third in 2035; Melese suggests merging Social Security Disability Insurance and Supplementary Security Income to improve efficiency; Trump emphasizes protecting Social Security without cuts; RNC supports no changes to retirement age; Biden's Social Security Fairness Act may face challenges under Trump administration.
#SocialSecurity #DonaldTrump #FrancoisMelese #Economics #Insolvency #UsPolitics #Retirement #Legislation #Biden #Rnc
https://www.newsweek.com/francois-melese-social-security-insolvency-donald-trump-2013662