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BUSINESSCleveland.com·6h ago

Latest warning: Social Security cuts will be larger than predicted, feds say

Photo · Douglas Sacha
AI TLDR · GEMINI

Federal officials report that Social Security cuts will be larger than previously expected. The Old-Age and Survivors Insurance Trust Fund is projected to be depleted by the fourth quarter of 2032.

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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