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Specifically, whether or not changes or cuts in benefits are coming has been widely speculated upon.
At $1.75 trillion, its the largest piece of the spending pie.
Of course, that can cut both ways.
Taking benefits before then results in a reduced amount.
Plus, it would merely give a tax cut to those who probably dont need it, said Orestis.
For instance, the2025 COLA increase is 2.5%.
Changing these by either lowering or eliminating them would mean less buying power for seniors.
Seniors could find themselves in a bind as their expenses rise but their benefits stay flat, he said.
Its frustrating because people are counting on those increases to keep up with the cost of living.
But will anything change, one way or another?
Probably not, said Carlson.
Its likely to remain unchanged too.
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