Retirement Age Overhaul and More – What Will Congress Do?

Republican lawmakers, federal budget, government spending, Social Security, seniors' benefits, retirement age, U.S. House conservatives, fiscal blueprint, retirement benefits, Social Security reform, OASI Trust Fund, payroll taxes,

A group of Republican lawmakers is working towards achieving a balanced federal budget by cutting down government expenditures, which includes programs like Social Security. Here’s why it matters: If their plan becomes law, some elderly citizens could face significant reductions in the benefits they’ve received throughout their lives. According to a report from Bloomberg, the initiative was disclosed on June 14 by conservative members of the U.S. House. Among its primary components is the intention … Continue reading Retirement Age Overhaul and More – What Will Congress Do?

The American Retiree