I wanted this thread to run in a safe long space time. This thread is pretty much unused now. So, i put it in a safe harbor.
One of the most affected groups includes individuals over 55 who still carry student loan debt. According to a study by the Schwartz Center for Economic Policy Analysis at the New School, approximately 2.2 million people in this age bracket are still repaying student loans. This debt often stems from returning to higher education later in life or co-signing loans for children or grandchildren.
The Social Security Administration (SSA) has introduced a significant policy change that could impact beneficiaries with additional income or outstanding debts. This measure, effective from late 2024, aims to safeguard the financial integrity of the Social Security system but may result in reduced benefits for those with unpaid obligations. Beneficiaries must be aware of these changes to avoid potential financial pitfalls.