Capping Social Security COLA for High Earners

A new proposal aims to save Social Security $115 billion by capping COLAs for high earners. The idea suggests limiting annual benefit increases to a set dollar amount, potentially reducing the impact of inflation on the wealthiest beneficiaries. This is one of several ideas being considered to ensure the programs long-term solvency.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.