Social Security is on track to be insolvent in less than 10 years — but its commissioner says there’s ‘plenty of time’ to find a solution
1. Social Security faces insolvency within 10 years, funding concerns exist. 2. Current benefits may drop to 77% by 2033 without reforms. 3. Legislative proposals include raising retirement age and payroll taxes. 4. Trustees emphasize collaboration among officials for solutions. 5. Social Security impacts nearly 70 million Americans' income.