Social Security Benefits to Drop 24% by 2032, Impacting Retirees
TL;DR Summary
Social Security benefits are projected to be reduced by 24% by 2032 due to policy changes, leading to significant financial impacts for retirees, alongside an 11% cut in Medicare hospital payments, as the trust fund approaches insolvency.
- Social Security benefits to be cut by 24% over next seven years: Fiscal watchdog Washington Examiner
- A new analysis projects a 24% cut to Social Security benefits by late 2032. Axios
- Opinion | A Risky Plan for Social Security The Wall Street Journal
- Two-income retired couples may lose $18,100 annually in Social Security in 2033 USA Today
- Retirees Face an $18,100 Benefit Cut in 7 Years-2025-07-24 Committee for a Responsible Federal Budget
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