Retirees Face Major Social Security Cuts by 2032, Experts Warn
TL;DR Summary
Social Security is projected to face insolvency by 2032, leading to potential benefit cuts of around $18,000 annually for retirees, unless Congress takes action to address the funding gap, which has been warned about by Warren Buffett and the CRFB.
- Warren Buffett's longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut Fortune
- A new analysis projects a 24% cut to Social Security benefits by late 2032. Axios
- Retirees Face an $18,100 Benefit Cut in 7 Years-2025-07-24 Committee for a Responsible Federal Budget
- Worried about Social Security cuts? 3 things to do now if you're already retired USA Today
- Analysis finds Social Security benefits could be reduced | Fetterman says Congress needs to act WGAL
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