Social Security is facing financial challenges, with projections indicating it could owe more in benefits than it collects within a decade. By 2035, the program's trust funds may be depleted, prompting possible cuts. President Trump and some lawmakers express differing perspectives on safeguarding the program, with Republicans suggesting to raise the retirement age and Democrats advocating for increased taxes on the wealthy. Collaboration among lawmakers is essential to find a stable solution that protects Social Security for the future.
In the coming years, Social Security is expected to owe more in benefits than it collects in revenue, leading to potential cuts by 2035.
Democratic lawmakers have been pushing to protect and expand Social Security, while Republicans propose extending the full retirement age to increase funding.
Collection
[
|
...
]