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U.S. Congressional Research Service Publishes Report on Social Security Solvency Measures

27 February 2024

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Proposed Changes

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United States

The U.S. Congressional Research Services (CRS) has published a report dated 21 February 2024 on Social Security: Estimated Impact of Hypothetical Solvency Measures. The report summary is as follows: --- Social Security: Estimated Impact of Hypothetical Solvency Measures Social Security has long been a program of high congressional interest both because of the number of people who receive benefits—now and in the future—and because of the program's projected long-term financial imbalance. Many proposals are typically put forth in each Congress to address the program's projected financial shortfall. Some proposals aim to achieve financial balance by reducing costs (i.e., benefit amounts),...