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United States | News & Politics@lemmy.mlEnglish · 6 days ago

‘No vote, no warning, just plain math’: Social Security is six years from an automatic 22% cut—and most Americans have no idea

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usa@midwest.social

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‘No vote, no warning, just plain math’: Social Security is six years from an automatic 22% cut—and most Americans have no idea

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to

United States | News & Politics@lemmy.mlEnglish · 6 days ago

7

cross-posted to:
usa@midwest.social

‘No vote, no warning, just plain math’: Social Security is six years from an automatic 22% cut—and most Americans have no idea | Fortune

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.

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AlecSadler@lemmy.dbzer0.com
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6 days ago
As someone who benefits from the cap… lift the cap. It’s stupid and only detracts.