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Social Security COLA Caps for High Earners Could Extend Program Solvency

Social Security COLA Caps for High Earners Could Extend Program Solvency

Author:

Global Cryptocurrency

Published:

2025-11-21 22:11:01

28

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BTCCSquare news:

The Social Security program faces insolvency by 2034, threatening a 20% benefit cut. A proposal from the Committee for a Responsible Federal Budget suggests capping cost-of-living adjustments (COLAs) for top earners, potentially saving $115 billion over a decade.

Current benefits adjust annually based on the Consumer Price Index, with 2026 seeing a 2.8% increase. Targeting the top 25% of beneficiaries could close 10% of the funding gap. The debate mirrors broader fiscal tensions between wealth redistribution and program sustainability.

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