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Social Security Crisis Hits Sooner | Raleigh News
Social Security’s trust fund could hit zero by Q4 2032—22% benefit cuts looming, slashing retirees’ monthly income by $500 on average. The shortfall arrived a quarter earlier than predicted, fueled by falling birth rates, immigration declines, and a tax law diverting revenue from the fund. With 71 million beneficiaries at risk, lawmakers warn against political finger-pointing and urge swift reform. Two key fixes: hike payroll taxes to 16.82% (up from 12.4%) or eliminate the $184,500 wage cap—both could close the gap without burdening most workers. Listen in comfort:Get a discount on a Soli…
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