Senator warns of Social Security shortfall

Senator Bill Cassidy warned that rising costs and larger cost-of-living adjustments threaten to deplete Social Security's trust fund sooner, with the fund potentially lasting only about five and a half years if no action is taken. He proposed a $1.5 trillion investment fund to address the program’s long-term funding shortfall. Advocates emphasize that current benefit increases are insufficient for retirees facing rising expenses.

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