We're 8 Years Away From an Automatic 23 Percent Cut in Social Security Payouts

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We're 8 Years Away From an Automatic 23 Percent Cut in Social Security Payouts

reason.com/2025/06/19/were-8-years-away-from-an-automatic-23-percent-cut-in-social-security-payouts

Reckless spending has been driving Social Security toward a fiscal cliff. Scheduled benefits will have to be cut by 23 percent in 2033 to keep the program solvent.
This is the grim conclusion drawn by the trustees of Social Security's Old-Age and Survivors Insurance and Disability…

This story appeared on reason.com, 2025-06-19 20:30:11.