Benefits are currently exceeding the revenue generated by payroll taxes, highlighting the financial strain on the Social Security system.
1 report, 1 independent
Updated Jul 5
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What happened
Benefits are currently exceeding the revenue generated by payroll taxes, highlighting the financial strain on the Social Security system.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Congress must enact reforms to address the shortfall in the Social Security system.Also in this story
- Congress raised the retirement age for Social Security, with future raises likely.
- Congress added carveouts for Social Security, while Annie Lowrey wrote about bureaucracy in Atlantic.
- Congress is accused of stealing money from Social Security trust funds and cites Ronald Reagan's advice amid ongoing reform discussions.
- Congress must address the fund shortfall in the Social Security system, while the SSA announces COLA and payments.
The entities involved
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Congress
US record label; imprint of Congress Record Corp.
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Social Security
political party in Israel