08-14-26 Part Two - The Future of Social Security
In part two of Red Eye Radio with Gary McNamara and Eric Harley, many retirees on fixed incomes already struggle to keep pace with inflation. and if Congress doesn't take action to address Social Security's looming insolvency, the situation could soon become dire.
The primary Social Security trust fund from which retirement and survivor benefits are paid — the Old-Age and Survivors Insurance, or OASI, fund — is now forecast to be depleted by 2032, one year earlier than last year's estimate. Projections pin the 75-year shortfall at $30 trillion.
According to the Bipartisan Policy Center, the…
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