The winner of this year’s presidential election could very well be holding the reins when it comes time to address Social Security’s complicated financial situation.
The program, which millions of retirees depend on for income stability, will see benefits cut by nearly a quarter in 2033 if Congress and the White House haven’t reached agreement before then.
And while both Democrats and Republicans say they want to “save” Social Security, there’s very little agreement or specifics in their campaign platforms about how lawmakers should avoid a reduction in benefits, or even when negotiations should begin.
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