International

Social Security Trust Fund Projections of 22% Benefit Cuts Surface in US Senate Campaigns

Hindustan Times39m
THE BRIEF
1

The Social Security trust fund is projected to run out of money in late 2032, which would trigger an automatic 22 percent across-the-board benefit cut for roughly 63 million Americans.

2

A Peterson Foundation survey revealed that over 80 percent of voters in key battleground states are more likely to support candidates with plans to prevent these cuts.

3

An analysis by the Committee for a Responsible Federal Budget showed that affected recipients could face average monthly reductions of about $500.