Social Security Fund May Run Short by 2032
The US Social Security retirement fund is projected to run out of reserves by the end of 2032 without action by lawmakers. If that happens, monthly benefits could fall by an estimated 22% to 26%. Headlines ask whether retirees could lose about $500 a month.
Context
Context: Social Security pays monthly benefits to retirees, funded largely by payroll taxes paid by workers. Its trust fund holds reserves, and when they run low, benefits must be cut unless lawmakers change the rules.
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