Browsing Tag
Committee for a Responsible Federal Budget
8 posts
Six-Figure Social Security Cap Proposed to Boost Program Solvency
CRFB’s plan would limit benefits for top earners to close funding gaps, but critics such as The Senior Citizens League warn the move amounts to a benefit cut seniors overwhelmingly oppose
Trump FY 2027 Budget Holds Social Security Funding Flat
Budget request dropped Friday keeps SSA funding unchanged, but draws criticism over agency underfunding and domestic program cuts as Republicans back what would be a major defense spending increase
Analysis of New Social Security Trustees Report Exposes Harsh Realities
Accelerating insolvency timelines, high costs of fixes and inaction on Capitol Hill contributing to bedrock retirement program’s ever-growing financial troubles
Social Security Solvency Clock Ticking as Wait Drags On for 2025 Trustees Report
Overdue report will bring updated projections on insolvency timeline and potential benefit cuts; help advisors and clients plan for uncertainties
Trump Social Security Plan Would Hike Benefit Cuts, Speed Up Insolvency: CRFB Analysis
If former President’s pledges on campaign trail were to be enacted, budget watchdog says looming cut would have to go from 23% to 33% and insolvency occurs 3 years earlier
Typical Retiring Couple Facing $16,500 Social Security Benefit Cut in 2033
Updated report from budget watchdog puts annual figure on looming 21% benefit cut absent congressional action
Absent Action, Typical Couple Faces $17,400 Social Security Benefit Cut in 2033
Committee for a Responsible Federal Budget report shows potential dollar impact of a 23% benefit cut that would happen in a decade without lawmakers stepping in
You Won’t Believe the Size of This 2023 Social Security COLA Estimate
With high inflation, the Committee for a Responsible Federal Budget forecasts a range for next year’s Social Security cost of living adjustment that tops out in double digits