Overview
- 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.