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Social Security Crisis Looms as Election Nears

Candidates Trump and Harris avoid addressing the impending insolvency of Social Security, leaving voters concerned about the program's future.

  • Social Security's trust fund is projected to be fully funded only until 2033, after which beneficiaries could face a 21% cut in payments.
  • Neither Donald Trump nor Kamala Harris has presented concrete plans to address the looming Social Security shortfall.
  • Trump has suggested cutting taxes on Social Security and reallocating funds from other areas, but experts argue these measures won't solve the problem.
  • Harris supported Bernie Sanders's plan to expand benefits and impose new taxes on high earners as a senator but has not detailed a specific plan during her presidential campaign.
  • Voters rank Social Security as a top concern, yet the issue remains overshadowed by other hot-button topics like inflation, immigration, and abortion in the election discourse.
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