24-07-2026 22:00 via foxbusiness.com

One type of Social Security adjustment could cut the 75-year shortfall in half

Social Security's looming insolvency in under a decade could be delayed by a change to how the annual cost-of-living adjustment (COLA) is calculated, with a new analysis finding that it could cut the entitlement program's 75-year fiscal shortfall in half.The nonpartisan Committee for a Responsible Federal Budget (CRFB) proposed a COLA cap that would limit the dollar amount of the annual increase in Social Security benefits received by those with higher benefit amounts. That proposal was similar
Read more »