https://www.live-feeds.com/feed/ways-to-narrow-social-security-s-shortfallContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/ways-to-narrow-social-security-s-shortfallhttps://www.live-feeds.com/feed/ways-to-narrow-social-security-s-shortfall#u161507Thu, 29 Oct 2026 09:17:36 +0000Social Security benefits could face a 22 percent cut in 2032 if Congress fails to address the program's deepening financial shortfall. Proposals to stabilize the system include substantial payroll tax hikes, such as a 40 percent increase disproportionately affecting younger generations including millennials and Generation Z, or alternatively relying on broader economic growth. The trustees have issued dire warnings regarding the fund's stability, while political leaders continue to debate legislative solutions ahead of elections.Why it mattersThe solvency of Social Security remains a