Some Lawmakers Want to Take Social Security Away From Higher Earners. Will it Happen?

Some Lawmakers Want to Take Social Security Away From Higher Earners. Will it Happen?

If lawmakers don't manage to find a way to pump more money into Social Security, the program may have to reduce benefits universally once its trust funds run out of money. Of course, lawmakers don't want that to happen. If benefit cuts were to happen, it could spur a massive poverty crisis among the elderly.