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The Nexus
POLITICSJun 9 · 18:34 UTCWISCONSIN EXAMINERJennifer Shutt

Projected Social Security benefits cliff creeps up to 2032

A report projects the Social Security Old Age and Survivors Insurance trust fund will deplete by late 2032, leading to a 22% reduction in benefits unless Congress acts. By 2100, benefits could drop to 62% of current levels. Social Security Commissioner Frank J. Bisignano and advocacy groups urge bipartisan solutions to prevent this decline.

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