I don't see Mr Biden proposing to raise (eliminate) the cap, why not?Unless we raise the cap. And then the "problem" is solvedI'd even raise the 62 age trigger for early retirement a year or two over time.Eliminate the earnings cap.
Problem solved.
This is what showed up, SS insolvent after 2035, only paying 75% of benefits after that.Google doesn't know shit.Don't laugh just yet. SS will be insolvent in 2033, which is easy to verify using Google. That means that unless SS is "fixed" starting in 2033 SS checks will only be 70% of what was promised. That 2033 date did not include any big changes like "Medicare for all" or a US financial disaster, like a "bubble" bursting and the economy crashing.
The Solvency Of Social Security And Bernie Sanders Plan For It
Many people believe that what remains in the trust fund is nothing more than a bunch of IOUs with no value. Is this true?www.forbes.com
Research: The Future Financial Status of the Social Security Program
Social Security Administration Research, Statistics, and Policy Analysiswww.ssa.gov