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Federal benefits, like Social Security benefits, grow with the cost of living to protect the value of benefits from inflation.

Both conservative and liberal lawmakers are looking for ways to expand access to paid family and medical leave in the United States, primarily through proposals that would create new national entitlement programs. As history—both across the world as well as in some U.S. states—shows, such programs always expand in size, scope, and costs over time. Such programs have unintended consequences and often end up redistributing resources from lower-income workers and families to middle-income and upper-income workers and families.

The program isn't going to disappear, but you still need to brace for some changes.

Higher earners could be in for a major shock.

Some people might pull it off, but for most it's not worth the risk.