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Social Security cuts could be coming soon — here's who will be affected

Posted on AllSides April 4th, 2023
From The Right
Kevin Dietsch/Getty Images / Getty Images

The Social Security program is expected to run dry within a decade as a result of slower economic growth — and today's youngest retirees could be among the first in the nation to see benefit cuts.

New findings from the Social Security and Medicare Trustees report show the entitlement program faces insolvency as soon as 2033, a year earlier than previously projected, The acceleration toward insolvency is largely the result of a 3% downward revision of gross domestic product and labor productivity over the next decade. 

Unless major changes are...

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https://www.foxbusiness.com/personal-finance/social-security-cuts-could-be-coming-soon-heres-who-will-be-affected

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