According to a recent report from CNBC, 71% of Americans have concerns that Social Security will run out. However, per several economists, that outlook might be unnecessarily pessimistic, and that Social Security won’t disappear any time soon.
Social Security is an incredibly popular government program. It’s true that Congress needs to act as the Social Security trust fund begins to dry up. Payroll taxes will cover most benefits even when the trust fund runs out – but there will need to be benefit cuts. Social Security is a needed program, and our nation’s seniors should receive all the benefits they’ve earned.
Learn more from CNBC’s report here.
Learn more about how NORA’s fighting for retirees today. Social Security might not disappear completely, but there are some things about it that need to change. Seniors should be guaranteed fair COLAs, not facing potential cuts. Join us as we fight for The Guaranteed 3% COLA for Seniors Act by signing our online petition. Then, follow us on Twitter and Facebook for more updates!