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The Nexus
POLITICSJun 9 · 17:21 UTCMISSOURI INDEPENDENTJennifer Shutt

Projected Social Security benefits cliff creeps up to 2032

A report warns that the Social Security Old Age and Survivors Insurance trust fund will deplete by the fourth quarter of 2032, leading to a 78% reduction in benefits unless Congress acts. By 2100, benefits would drop to 62%. Social Security Commissioner Frank J. Bisignano urges bipartisan action to ensure financial stability for beneficiaries.

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Mentioned
Social Security AdministrationorganizationOld Age and Survivors Insurance trust fundtopicFrank J. BisignanopersonHouse Ways and Means CommitteeorganizationPeter G. Peterson FoundationorganizationMichael A. PetersonpersonCommittee for a Responsible Federal BudgetorganizationMaya MacGuineasperson
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