Learn English: Social Security Fund Nears Shortfall, Benefit Reductions Expected (hard)

1 day, 2 hours ago

Social Security Fund Nears Shortfall, Benefit Reductions Expected

A crucial Social Security fund is projected to run out of money by 2032.

This depletion means automatic benefit cuts could happen without government action.

Experts estimate these cuts could reduce payments by as much as twenty-eight percent.

Lawmakers must address this growing financial challenge to protect future benefits.

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Source

Original: Fox Business

Tags

#Social Security #Trust Fund #Benefit Cuts #Congressional Budget Office #Elderly Benefits

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