Congress faces Social Security insolvency and considers multiple policy changes

10 articles · Updated · The Motley Fool · Apr 24

The Social Security trust funds are projected to be depleted by 2033, after which only 75% to 80% of scheduled benefits could be paid from payroll taxes.
Congress is debating options such as raising payroll taxes, increasing the retirement age, or eliminating the payroll tax cap, but no single solution is politically favored.
Lawmakers are likely to delay major reforms and exempt current retirees from benefit cuts, aiming to combine several measures to preserve Social Security's solvency as time runs short.

Is raising the retirement age a fair solution if it means a 13% cut in lifetime benefits?

Could a combination of small, targeted fixes be enough to secure Social Security for another generation?

Beyond raising taxes, what innovative solutions like a 'Six Figure Limit' could protect benefits for most Americans?

If the payroll tax cap is removed, will high earners' benefits reflect their much larger contributions?

Are younger generations paying into a system that will give them a lower return than their parents received?

Is the Social Security Administration's shift to AI creating new barriers for the most vulnerable disability applicants?