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Social Security Benefits Face Cuts by 2032 | Markets & Money News
Serious cuts to Social Security retirement benefits could occur in six years if the trust fund runs out by late 2032, potentially reducing payouts by 22%. The Congressional Budget Office warns it might happen even sooner, with cuts of up to 26%. This could result in an average loss of $500 per month for beneficiaries, affecting many across the U.S. Political decisions by newly elected senators are crucial as they will influence potential solutions to this looming crisis. The situation demands
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