New Proposal Caps Social Security Benefits at $50K Yearly for Wealthy Retirees to Mitigate Insolvency Risks
A new proposal from the CRFB suggests capping Social Security benefits at $50,000 for high-earning retirees to prevent a total system failure by 2032. The move targets the top 0.05% of earners to shield the bottom 90% from an automatic 24% benefit slash. Senior advocacy groups like AARP warn the…
International Business Times UK ·