Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but ‘the gamble does not always pay off’
A proposal by Senators Bill Cassidy and Tim Kaine suggests borrowing $1.5 trillion to invest in stocks and other assets to shore up the Social Security trust fund, which is projected to be depleted by 2032. This plan, however, faces significant criticism, with simulations from Boston College's Center for Retirement Research indicating a high probability (64%) of investment returns failing to cover the accumulated debt over 75 years. Alternative approaches, such as allocating a portion of the trust fund to stocks alongside tax hikes, are also being considered. AI
