$3,888 Social Security Cuts Are Looming
24/7 Wall St.Potential cuts to Social Security benefits are looming if Congress doesn’t address the funding shortfall soon. If no changes are made, Social Security recipients could see a 17% reduction in benefits by 2035, reducing the average monthly benefit from $1,907 to $1,583. Congress needs to act immediately, considering options like increasing payroll taxes or reducing […]
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