This IS a recurring thing….
The benefits for one of the two Social Security programs is directly effected by people working and paying the system….
Since the beginning of the pandemic a LOT of people stopped working and paying payroll taxes….
If and when people go back to work?
The systems will gain more money and push out its solvency….
Oh, and Congress does NOT want to mess with Social Security in upping eligibly ages or cuts in benefits….
Social Security will have to cut benefits by 2034 if Congress does nothing to address the program’s long-term funding shortfall, according to an annual report released Tuesday by the Social Security and Medicare trustees.