Americans’ Social Security benefits will have to be cut by roughly a quarter in six years due to depleted funds, according to a June 9 report from the Social Security Board of Trustees. That’s months sooner than the group had estimated in 2025.
Aside from congress typical MO of fixing things only when absolutely necessary, and at the last second. The current administration has made clear they will cut Social Security if given the chance. With the progressive left starting to gain ground, that’s going to be an easy campaign to message on, so hopefully we end up with removing the cap, rather than cutting benefits.
Aside from congress typical MO of fixing things only when absolutely necessary, and at the last second. The current administration has made clear they will cut Social Security if given the chance. With the progressive left starting to gain ground, that’s going to be an easy campaign to message on, so hopefully we end up with removing the cap, rather than cutting benefits.