Social Security Cliff Looms, Leaving Millions at Risk of Reduced Benefits
A recent analysis by the Committee for a Responsible Federal Budget (CRFB) warns that Social Security’s main trust fund will be insolvent by the end of 2032, triggering automatic benefit cuts for millions of American retirees. Unless Congress acts, these cuts could result in a $18,000 reduction per year for those relying on the program. … Read more