Study Identifies Most Effective but Politically Challenging Plan to Save Social Security by 2032
A study from the Penn Wharton Budget Model suggests that a proposal combining higher taxes with minimal benefit cuts could keep the Social Security trust fund solvent until 2058, though it is seen as politically difficult due to its impact on future retirees. The plan offers modest long-term economic gains but faces challenges in implementation.
Topics: economic policy government spending social security taxation