Barring Congressional action, Social Security is only six years away from insolvency. At that point – late 2032, according to the latest estimates – benefits will be cut by an estimated 22% to ensure the program’s costs don’t exceed revenue.
Barring Congressional action, Social Security is only six years away from insolvency. At that point – late 2032, according to the latest estimates – benefits will be cut by an estimated 22% to ensure the program’s costs don’t exceed revenue.