There’s a new plan to save Social Security and it would raise taxes for some workers

AI Summary

The Social Security Board of Trustees projects that the reserves of the Old-Age and Survivors Insurance Trust Fund will run out by the fourth quarter of 2032. A new proposal aims to save Social Security by raising taxes on some workers.

The latest projections from the Social Security Board of Trustees show that the reserves of the Old-Age and Survivors Insurance Trust Fund are set to run out in the fourth quarter of 2032.