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The Nexus
POLITICSJun 9 · 17:31 UTCMICHIGAN ADVANCEJennifer Shutt

Projected Social Security benefits cliff creeps up to 2032

A report projects the Old Age and Survivors Insurance trust fund will deplete by late 2032, reducing Social Security benefits to 78% of current levels unless Congress acts. By 2100, benefits could fall to 62%. The Social Security Commissioner urges bipartisan solutions to avoid this 'benefits cliff,' which would impact over 70 million beneficiaries.

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