In June, Social Security’s Board of Trustees released its annual report on the financial status of the program, revealing that Social Security is in trouble. To make matters worse, in July the Republican Congress and President Donald Trump passed their budget bill, which only accelerates this timeline. Some members of Congress are putting forward proposals to address Social Security’s long-term funding problem.
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The Social Security Funding Crunch Is…
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In June, Social Security’s Board of Trustees released its annual report on the financial status of the program, revealing that Social Security is in trouble. To make matters worse, in July the Republican Congress and President Donald Trump passed their budget bill, which only accelerates this timeline. Some members of Congress are putting forward proposals to address Social Security’s long-term funding problem.