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Social Security's Six-Year Crisis | Raleigh News
Social Security is on the brink—new reports warn of a major funding crisis in just six years, with payouts outpacing incoming contributions. As baby boomers retire and life expectancy climbs, fewer workers are supporting more retirees, draining the trust fund. Without intervention, cuts of 20-25% could hit all beneficiaries, especially those on fixed incomes. But there’s a proven solution: the Federal Railroad Retirement System’s model, which invested its trust fund in the economy and turned a deficit into a surplus. A similar fund could be created to manage risk, generate returns, and cover…
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