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via fortune.comPolitics

Social Security is six years from an automatic 22% cut

FROM THE WIRE · FORTUNE.COM

The retirement trust fund runs dry in late 2032, triggering an automatic cut for current and future retirees. Every year Congress waits makes the fix bigger.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA possible benefit cut is a US fiscal policy issue with indirect market effects.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The retirement trust fund runs dry in late 2032.
  2. 02This would trigger an automatic cut for current and future retirees.
  3. 03Every year Congress waits makes the fix bigger.

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