The retirement trust fund is projected to exhaust its reserves in late 2032, after which payroll taxes would cover only about 78 per cent of scheduled benefits unless Congress acts.
Social Security reserves run out in 2032, triggering an automatic 22 per cent benefit cut
The retirement trust fund is projected to exhaust its reserves in late 2032, after which payroll taxes would cover only about 78 per cent of scheduled benefits unless Congress acts.
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