Delaying action on Social Security comes at a price: Here’s why
Summary
Congress has not yet taken steps to fix the growing shortfall in Social Security funds. Waiting longer to act may lead to more difficult decisions in the future.Key Facts
- Social Security is facing a financial shortfall soon.
- Congress has not made changes to address this problem yet.
- Delaying action could make it harder to fix later.
- The shortfall means Social Security may not have enough money to pay full benefits.
- Early solutions give more options to maintain the program.
- Waiting could force bigger benefit cuts or tax increases.
- Social Security is an important program that provides money to retirees and others.
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