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Social Security faces a 24% cut in 2032-that's a $345 billion hit to retirees nationwide
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Social Security faces a 24% cut in 2032-that's a $345 billion hit to retirees nationwide

1 min read

Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.

The group warns that without congressional action, “no state would be spared” from what it calls “potentially devastating” reductions, with roughly 60 million Americans — about one in six — directly affected. That includes 54 million retired workers ... [5842 chars]

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Source: Fortune

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