The Committee for a Responsible Federal Budget (CRFB) has proposed a proposal to cap annual Social Security benefits at $100,000 for couples and $50,000 per year for single retirees who claim at their full retirement age of 67. The proposal aims to address the looming insolvency of Social Security's trust fund in 2032. The think tank argues that capping these outsized benefits could save critical time for the program. The plan would cap annual benefits at approximately $100K for couples, $50K for single retirees, and for couples who delay benefits until age 70, the cap would rise to $124,000, while those claiming at age 62 would face a $70,000 annual limit. This proposal has sparked fierce debate over whether Social Security should function as a safety net or a reward for high earners who paid maximum taxes. The average retired worker receives just $2,071 per month in 2026, which amounts to about $24,852 annually, per the Social Security Administration.