Thousand Cuts

Social Security recipients will get a cost-of-living increase of 1.3% in 2021, trustees for the gargantuan federal program said Tuesday.

This is how Social Security is already being cut, by the way. Inflation is a good bit higher than this for the goods people actually buy and need (probably around 3%), so this is a substantial cut. And those de facto cuts keep occurring.

So even if SSI is not eliminated I wouldn’t count on it for much, especially if you are younger than 45 or so.