Leaving Social Security Untouched Could Throw Millions of Seniors Into Poverty
Politicians love to say they “won’t touch” Social Security, as if leaving the program alone will protect older adults. In reality, a new study by two of my Urban Institute colleagues finds that failing to fix the program’s looming financial shortfall would throw 3.8 million seniors into poverty by 2045. Median promised benefits would decline by $5,900 (in 2022 dollars). [...]