COLA Social Security Payment Plan 2022 – Millions to get $4,194 monthly direct payment this week – see exact date

Bipartisan agreement on social security reform

Some studies have shown that raising taxes on the rich, raising the payroll, raising the retirement age and cutting benefits for high earners could help eliminate 95 percent of the deficit to prevent Social Security from being exhausted.

A poll of more than 2,500 registered voters under the University of Maryland’s Public Consultation Program found that a sample of most Americans agreed.

More than 80 percent of all voters polled said that more earners should be subject to income tax and receive fewer benefits.

75 percent were in favor of raising the retirement age.

More modestly, 59 percent of Republicans and 71 percent of Democrats supported raising the minimum monthly benefit for someone who has worked 30 years from $951 to $1,341.

53 percent of Republicans and 56 percent of Democrats supported an increase in benefits for those over 80 by about 5 percent.

https://www.the-sun.com/money/6001980/cola-social-security-benefits-live-2022-estimate/ COLA Social Security Payment Plan 2022 – Millions to get $4,194 monthly direct payment this week – see exact date

CELINE CASTRONUOVO

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