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DOGE Announces 'Major Cleanup' for Social Security

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"For the past two weeks, @SocialSecurity has begun a major cleanup of their records. Approximately 3.2 million numberholders, all listed age 120+, have now been marked as deceased. More work still to be done," DOGE said on X early on Tuesday.
The article from MSN Money discusses a significant overhaul of the Social Security system, metaphorically referred to as a "major cleanup." It highlights that Social Security, which has been a cornerstone of retirement planning for Americans, is facing financial challenges due to demographic shifts, including an aging population and fewer workers per beneficiary. The article outlines several proposed reforms to address these issues: increasing the retirement age, adjusting the cost-of-living adjustments (COLA), raising or eliminating the cap on income subject to Social Security taxes, and potentially means-testing benefits. These changes aim to ensure the program's solvency for future generations, although they come with political and social implications. The piece also touches on public sentiment, with many Americans feeling anxious about the future of their retirement benefits, and the need for bipartisan efforts to enact these reforms.

Read the Full Newsweek Article at:
[ https://www.msn.com/en-us/money/retirement/doge-announces-major-cleanup-for-social-security/ar-AA1B8ASB ]