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Key Policy Steps Could Ease Social Security's Finances

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          šŸž› This publication is a summary or evaluation of another publication šŸž› This publication contains editorial commentary or bias from the source
  Social Security faces manageable financial challenges that could become easier if policymakers took meaningful steps in the right direction.

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The article by Christian Weller on Forbes, dated June 18, 2025, discusses potential policy steps to address Social Security's financial challenges. It highlights that while Social Security faces a shortfall projected to deplete its trust fund by 2035, several measures could be implemented to bolster its finances. These include increasing the payroll tax rate, raising the cap on taxable earnings, and adjusting the retirement age. Additionally, the article suggests that investing a portion of the trust fund in equities could yield higher returns, and means-testing benefits might help control costs. Weller emphasizes the importance of a balanced approach that combines revenue increases with modest benefit adjustments to ensure the program's sustainability without significantly impacting current and future beneficiaries.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/christianweller/2025/06/18/key-policy-steps-could-ease-social-securitys-finances/ ]