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Thu Jul 30, 2020, 12:41 PM

Americans more worried about Social Security running out of money amid Covid-19 pandemic

The Covid-19 pandemic has prompted more Americans to wonder if Social Security will be there when they retire.

In a survey from Nationwide, 61% of adults of all generations said they are more worried now that Social Security will run out of funding.

The reults come as many respondents said the pandemic has them rethinking their own retirement. Of those surveyed, 38% said their plans have been affected, either because they will retire later than they thought, according to 19%, or they won't be able to retire at all, 10%.

Recent research has pointed to quicker depletion of Social Security's trust funds which help underpin the system. Notably, the agency will be able to continue to pay benefits, though on a smaller scale due to that projected shortfall.

https://www.msn.com/en-us/money/retirement/americans-more-worried-about-social-security-running-out-of-money-amid-covid-19-pandemic/ar-BB17neSY?li=BBnbfcN

So let's cut the payroll tax - Donald Trump

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Reply Americans more worried about Social Security running out of money amid Covid-19 pandemic (Original post)
Yo_Mama_Been_Loggin Thursday OP
SheltieLover Thursday #1
Delmette2.0 Thursday #2
demosincebirth Thursday #3

Response to Yo_Mama_Been_Loggin (Original post)

Thu Jul 30, 2020, 12:43 PM

1. Must reinstate wealth tax

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Response to Yo_Mama_Been_Loggin (Original post)

Thu Jul 30, 2020, 12:48 PM

2. Has the Treasury paid back the loan?

I kinda remember that the Treasury borrowed from the SSA Trust to finance the War under Bush 2.



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Response to Yo_Mama_Been_Loggin (Original post)

Thu Jul 30, 2020, 01:11 PM

3. All they have to do take the cap off the social security tax.

Thatíll keep SS solvent forever.

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