5 Ways to Fix Social Security
Even so, however, there are some long-term funding issues that need to be addressed. Contributor Dave Lindorff talked to advisors and academics to discuss some of the possible ways the feds could fix the system. Those ideas are highlighted in the new few slides; you can read his full story here.
1. Wait Till There's an Emergency
Indeed, in the early 1980s, the program was in worse shape than it is today. But after a raise in the retirement age of one to two years, and a phased-in increase in the payroll tax, it was solved for years afterward. Whenever the country hits the point where we have the same political will to make similar changes, there are several possible courses of action.