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via finance.yahoo.comPolitics

CBO sees Social Security cut of 26% by 2032

FROM THE WIRE · FINANCE.YAHOO.COM

Daniel Zuchnik/Getty Images Warren Buffett saw this coming two decades ago. "I basically believe that anything that would take Social Security payments below their present guaranteed level is a mistake," he said at a 2005 Berkshire Hathaway meeting. Fast forward to today, and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralUS pension policy topic with possible long-term implications and no immediate price effect.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01America's Social Security trust fund is expected to run dry as soon as 2032.
  2. 02Trustees anticipate a 22% benefit cut, while the CBO projects 26%.
  3. 03The CBO notes a loss of about $543.

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