With the Committee for a Responsible Federal Budget predicting that Social Security’s retirement trust funds will run out by 2032, policymakers are being forced to act fast.
When asked during Fox Business News‘s “Mornings with Maria” segment on Thursday whether the retirement age would change, Social Security Administration Commissioner Frank Bisignano said “everything’s being considered” to stabilize the system.
Bisignano added that younger generations are likely to face “a different set of rules” than current retirees.
The Congressional Budget Office (CBO) projects that the population paying into and drawing from Social Security will rise from 342 million in 2024 to 383 details ⇒
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