If Congress does nothing to address Social Security’s shortfalls, benefits will be cut by 21 percent, across the board beginning in just nine years—in 2033. That means that anyone who is of Generation X or younger will not receive a single full benefit. Even Baby Boomers and Silent Generation retirees will be subject to cuts.…
Should the Social Security Retirement Age Be Raised? Yes.
If Congress does nothing to address Social Security’s shortfalls, benefits will be cut by 21 percent, across the board beginning in just nine years—in 2033. That means that anyone who is of Generation X or younger will not receive a single full benefit. Even Baby Boomers and Silent Generation retirees will be subject to cuts.…