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16 Things the U.S. Can Do to Fix Social Security

Social Security is in danger of running out of money in about a decade. Here's what can be done.

By Matt Frankel, CFP – Nov 19, 2024 at 5:32AM EST

Social Security isn't exactly on the most secure financial footing, with the latest estimates calling for the program to deplete its reserves within a decade. However, the program can certainly be fixed, and in this video, Certified Financial Planner® Matt Frankel discusses 16 different strategies the U.S. could use to help ensure Social Security's survival.

*Stock prices used were the morning prices of Nov. 13, 2024. The video was published on Nov. 14, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
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The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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