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No one has ever lived that long, but a misleading spreadsheet from Elon Musk purports to show they’re still in the safety net agency’s database.
The National Bureau of Economic Research found the number of deaths was large enough to result in a net increase to the Social Security fund.
More and more children are living with older adults drawing Social Security.
The US government is $36 trillion in debt. But who is owed all that money?
The Department of Government Efficiency, aka DOGE, is a task force Trump has appointed, headed by Elon Musk and Vivek Ramaswamy. It has some lofty resolutions for its stated goal of cutting wasteful government spending.
About 3 million retirees would get full benefits in addition to pensions. As a result, Social Security could hit insolvency earlier.
The study from the Employee Benefit Research Institute finds many retirees worried they are spending more than they can afford.
The Republican Party says it will maintain Social Security and Medicare entitlements without cutting benefits, but that’s a tall order.
Social Security benefits are adjusted to protect retirees against inflation, but not enough, according to some experts, advocacy groups and lawmakers.
The program pays $1.5 trillion a year and aids 70 million Americans. But it has its own budget and by law can’t create debt or widen deficits.
