2 Social Security Changes Most Americans Support Ahead of the 2024 Presidential Election
The Social Security program is quickly burning money due to the rising cost of paying benefits, and the problem becomes more consequential with each passing year. Specifically, the long-term funding deficit exceeds $22 trillion, and Congress has about a decade to address the issue before benefits are cut automatically, according to the Board of Trustees.
To that end, Social Security reform could be a major talking point for presidential candidates as the 2024 election draws nearer. But groundbreaking revelations are unlikely. The frontrunners of both major political parties have so far navigated the issue with virtually identical strategies, promising to protect Social Security while accusing members of the opposite party of supporting benefit cuts.
In any case, voters should understand the problem and the potential fixes. Read on to see why benefit cuts could happen automatically in 2034 and to learn about two potential solutions most Americans support.
Source Fool.com
