Klingbeil Urges: Reforming Social Security

In order for social security contributions and subsidies not to increase further, reforms would have to be undertaken, according to Minister Klingbeil - but not only at the expense of workers.

News about the future of Social Security is so frequent that barely a week goes by without news. Speculations about cuts, changes in retirement age or tax hikes can be overwhelming, confusing and frustrating. Believe me, I empathize with you; no one wants to live such uncertainty.And it is that Social Security is not a minor issue. We are talking about the program that, for millions of Americans, represents a vital part of their retirement incom…

Social Security faces a serious deficit, threatening future benefits without breaking.Proposals include raising taxes or the wage limit, with pros and cons.Pressed legislators seek solutions, while time runs for the system.Sometimes it seems like we don't spend a week without hearing something new about the future of Social Security.Among rumors of cuts, changes in retirement age and possible tax increases, it's easy to feel overwhelmed, confuse…