Experts Warn of Major Social Security Cuts by 2032 and How Retirees Can Prepare
TL;DR Summary
Retirees face an estimated 24% reduction in Social Security benefits by 2032, potentially cutting $18,000 annually for couples, due to the depletion of the trust fund and recent legislative changes, which could significantly increase senior poverty and reduce healthcare access unless Congress intervenes.
- A new analysis projects a 24% cut to Social Security benefits by late 2032. Axios
- Sen. Bill Cassidy Explains His Plan to Fix ‘Mostly Dead’ Social Security. Plus, the Big, Beautiful Bill and RFK Jr. Barron's
- Retirees Face an $18,100 Benefit Cut in 7 Years-2025-07-24 Committee for a Responsible Federal Budget
- Americans Face $110,000 Earnings Loss to Prop Up Social Security Newsweek
- Worried about Social Security cuts? 3 things to do now if you're already retired USA Today
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