Capping Social Security COLAs: A Solution for Long-Term Stability
Update: 2025-11-21
Description
A new proposal suggests capping Social Security cost-of-living adjustments for high earners to save the program $115 billion over a decade. The Committee for a Responsible Federal Budget proposes this to extend the life of the Social Security trust fund, which is projected to run out in 2034. The cap would only affect those receiving the highest benefit amounts, with adjustments based on the age a person started claiming benefits. This is one of several ideas being considered to address Social Securitys funding gap and ensure its long-term stability for 68 million beneficiaries.
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