POLITICSFORTUNE
Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but ‘the gamble does not always pay off’
Social Security's trust fund is projected to run out by 2032, risking a 22% benefit cut unless reforms are enacted. Senators Bill Cassidy and Tim Kaine propose borrowing $26.6 trillion, including $1.5 trillion for a stock market investment fund, but a Boston College study warns this plan would fail to cover debt in most simulations due to market volatility and economic risks.
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- Projected Social Security benefits cliff creeps up to 2032
- Social Security is on track to become insolvent by 2032, putting benefits at risk of a cut
- Projected Social Security benefits cliff creeps up to 2032
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