Concerns Mount Over Social Security Funding and Sustainability
TL;DR Summary
A new analysis indicates that the Social Security Old-Age and Survivors trust fund could run out of money by the fourth quarter of 2032, a year earlier than previously estimated, due to recent legislation that reduces tax revenue to the fund, potentially lowering benefits for future recipients.
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- Social Security overpayments: Here’s how Social Security withholding is soaring The Keene Sentinel
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