BUSINESSPennLive·6h ago
New warning: Social Security cuts will be larger than predicted, feds say
AI TLDR · GEMINI
Federal officials warn that Social Security reserves are projected to be exhausted by the fourth quarter of 2032, with benefit cuts expected to be larger than previously estimated.
Reserves for the Old-Age and Survivors Insurance Trust Fund are set to run out in the fourth quarter of 2032.
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