Young Workers Could Lose $110,000 in Lifetime Earnings to Keep Social Security Solvent

Romina Boccia and Ivane Nachkebia

Voter turnout has long been the highest among senior Americans, making them one of the most influential voting groups in the country. Politicians, well aware of this, often try to cater to their preferences. The latest example of this trend is Congress’s decision to expand the already larger standard deduction for seniors—who are the wealthiest age group—through 2028. More distressingly, both parties seem to have embraced an approach to Social Security...