With Automatic Benefit Cuts Looming, Nearly All Voters Want Lawmakers to Reform Social Security
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years. If lawmakers fail to act, there will be an automatic 23% annual benefit cut for all recipients. That’s a loss of about $17,400 per year for the typical retired couple
The vast majority of voters are urging lawmakers to take action to strengthen Social Security, according to a new national poll, jointly conducted by Democratic firm Global Strategy Group and Republican firm North Star Opinion Research.
Further Reading
Can We Raise the Retirement Age and Protect Vulnerable Workers?
Raising the retirement age could harm workers who would be unable to delay retirement due to physically demanding occupations, disability, or job loss.
What Is SNAP? An Overview of the Largest Federal Anti-Hunger Program
SNAP has a positive effect on poverty and food insecurity, with a relatively small effect on the federal budget.
Should We Eliminate the Social Security Tax Cap?
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.