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No Need to Panic: Social Security Is Not Running Out
KiplingerLink to more items from this source
[Opinion]
Nov. 18, 2021

"[T]he worst-case scenario is an almost 25% reduction in benefits.... Social Security changes are happening in general because the program is outdated. The reason these benefits are changing now and the changes that we are seeing are related to three significant factors: COLA (cost-of-living adjustment), FICA (Federal Insurance Contributions Act) and FRA (full retirement age)."

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