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- Title
How Congress Might Slow the Growth of Social Security Benefits.
- Authors
Schobel, Bruce D.
- Abstract
Congress has a long menu of ways to reduce the growth of Social Security's future benefit costs. These include increasing the full retirement age, means testing benefits, reducing cost-of-living adjustments (COLAs), and modifying the benefit formula. Choosing from that long menu is totally a political matter, without obvious right and wrong answers. Something must be done before too long to solve Social Security's financial problems.
- Subjects
SOCIAL Security (United States); COST-of-living adjustments; RETIREMENT age; FINANCIAL security; RIGHT &; wrong
- Publication
Journal of Financial Service Professionals, 2020, Vol 74, Issue 2, p36
- ISSN
1537-1816
- Publication type
Article