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Iceberg ahead for Social Security The Indicator from Planet Money
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According to a government report released this week, Congress has until 2033 to fix Social Security before retirees receive an automatic benefit cut of about 21%. This is a more optimistic estimate from a previous report that stated the Social Security Trust Fund would run dry sooner, but it still paints a grim picture for a program that millions of retirees rely on.
Today, NPR's Chief Economics Correspondent joins the show to explain what exactly lawmakers can do to fix Social Security and why proposed solutions might be easier said than done.
Related episodes:What would it take to fix retirement? (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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According to a government report released this week, Congress has until 2033 to fix Social Security before retirees receive an automatic benefit cut of about 21%. This is a more optimistic estimate from a previous report that stated the Social Security Trust Fund would run dry sooner, but it still paints a grim picture for a program that millions of retirees rely on.
Today, NPR's Chief Economics Correspondent joins the show to explain what exactly lawmakers can do to fix Social Security and why proposed solutions might be easier said than done.
Related episodes:What would it take to fix retirement? (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
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