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Political Discussion
Reply to "What Would You Be Willing to Do to Save SS?"
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[quote=Anonymous]OP here. Does anyone know how high up the income ladder we need to move the cap to keep the program solvent for the next 75 years? An increase to $200k would be around an extra $5000 - manageable at that level, and perhaps it could even be viewed as a wise " investment"' to ensure the program is solvent when it's time to claim. (The other "half" would have to be paid by the employer, but again, not a deal-killer at that level.) While I like the idea of raising the cap, for political purposes it would be easier to get through if changes are seen as a "shared burden." How high would the cap have to be raised if we ALSO moved the retirement age up by one year, gradually over time? I ask because we seem to have some very knowledgeable people responding. Anyone know the numbers? [/quote]
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