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But is that probable, or even possible?
GOBankingRates asked two experts to weigh in.
Next, learn what otherpromises Musk has made about Social Security.
Will Elon Musks DOGE Increase Social Security Payments?
He said the promise to find princely sums being paid to illegitimate recipients is not going to happen.
I doubt that Musk understands how Social Security benefits are calculated, she said.
It is based on how much the beneficiaries earned over their lifetime.
This cannot change without an act of Congress, Shedden said.
How Can Social Security Benefits Be Increased?
First, heres a look at Social Securitys future if nothing is done.
Beyond that, however, checks will need to be reduced by 17%.
This is because of the way benefits are paid.
Further complicating the issue is the fact that the population receiving Social Security benefits is growing.
Do Jeff Bezos or Elon Musk really need to be on Social Security in the future?
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