Social Security Funding Crisis Looms
This is a Washington news story, published by MSN, that relates primarily to Social Security news.
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Social Security benefitsCNBC
•Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
74% Informative
Almost 68 million Americans receive Social Security payments every month.
The Social Security Administration is facing a looming funding crisis over the next decade .
Both candidates have vowed to protect Social Security benefits.
Ending taxes on benefits would move the insolvency date of Social Security's trust fund closer by over one year .
Top earners with $1 million in gross annual wage income stopped paying into the program as of March 2 .
Washington Democrats have proposed reapplying taxes for earnings over $400,000 or $ 250,000 in separate proposals.
In 2024 , the limit on earnings that are subject to the Social Security payroll tax is $ 168,600 .
VR Score
83
Informative language
86
Neutral language
68
Article tone
formal
Language
English
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55
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Attention-grabbing headline
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not detected
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short-lived
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