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Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says | Fortune
Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.
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eu.usatoday.com
Social Security recipients may lose $500 monthly in 2032, report says
Social Security beneficiaries face, on average, a $500 monthly cut in benefits if Congress doesn't act soon, a new analysis shows.
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cbsnews.com
Your Social Security check could be cut by $500 a month in 2032, report finds
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
