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The Nexus
POLITICSJun 9 · 19:59 UTCFLORIDA PHOENIXJennifer Shutt

Projected Social Security benefits cliff creeps up to 2032

The Social Security Administration warns that the Old Age and Survivors Insurance trust fund will deplete by late 2032, reducing benefits to 78% of current levels unless Congress acts. By 2100, benefits could drop to 62%, impacting 68 million beneficiaries. Experts urge bipartisan solutions to avoid this crisis.

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Mentioned
Social Security AdministrationorganizationOld Age and Survivors Insurance trust fundtopicFrank J. BisignanopersonHouse Ways and Means CommitteeorganizationMichael A. PetersonpersonPeter G. Peterson FoundationorganizationMaya MacGuineaspersonCommittee for a Responsible Federal Budgetorganization
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