It’s thanks to Social Security wealth inequality isn’t even worse, Wharton economist says. Trump’s policies will push it to insolvency in 6 years
America’s debt burden is caught in a death loop, and President Donald Trump’s policy agenda has accelerated that spiral. Among other consequences, the country’s race towards fiscal chaos might also plunge Social Security into insolvency, potentially erasing a $40 trillion buffer that has helped moderate wealth inequality over the past few decades. Modern-day America’s chasm between the ultra-rich and the rest of the country hasn’t been this wide since the Gilded Age, when the wealthiest 5% held a third of...
