Image for social security reforms

social security reforms

Social Security reforms refer to changes made to the Social Security program, which provides financial support to retirees, disabled individuals, and survivors of deceased workers. These reforms aim to ensure the system’s long-term sustainability, as it faces challenges like an aging population and financial shortfalls. Common reform proposals include adjusting benefits, raising the retirement age, increasing payroll taxes, or modifying how cost-of-living adjustments are calculated. The goal is to balance providing necessary support while maintaining the program's viability for future generations.