High-Income Couples Face Social Security Cap
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Wealthy couples receiving six-figure Social Security benefits may see caps to keep the program solvent. A new proposal aims to limit payments to $100,000 for couples and $50,000 for singles. This group earned the max taxable income for 35 years and claimed benefits at full retirement age. AARP opposes the idea, arguing it may lead to wider benefit cuts. Capping benefits could save $190 billion over a decade, but experts suggest tying the cap to inflation to protect middle- and low-income retirees.
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