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International Business Times UK
International Business Times UK
Business
Manuel Demegillo

Social Security Shock: Experts Propose £79,000 Cap To Save Retirement Fund

Social Security (Credit: Unsplash)

A study suggests capping Americans' Social Security benefits now to prevent a worse outcome for everyone.

A Washington think tank proposed the 'Six Figure Limit' in March, USA Today reported. If that pushes through, annual Social Security benefits will be capped at approximately £79,000 ($100,000), all in an effort to bolster the retirement trust fund.

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