A changing economy has worsened Social Security’s shortfall, AARP says
An AARP report, covered by NewsNation, finds that economic change—not just aging demographics—has worsened Social Security's finances, as taxable earnings fell from 41% of GDP in 1983 to 34% by 2025, and benefits face a roughly 20% cut absent congressional action. Proposals include eliminating the payroll tax cap, backed by Sens. Warren and Moreno, and Sanders' 12.4% tax on investment income, while AARP's Rich Johnson urges Congress to explore every option to avoid benefit cuts.
