Seniors should rest easy and understand that their Social Security benefits aren’t going anywhere. But this dynamic of misleading charges belies a more fundamental problem: Something will eventually need to be done to buttress Social Security’s finances. Episodes like this don’t bode well for future attempts to reform Social Security. In response to the deadlock in Congress, President Trump enacted a payroll tax holiday by executive order. And for the record, President Trump hasn’t supported actual legislation that would change how Social Security is funded.

Source: Forbes September 24, 2020 12:56 UTC