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Here’s How Much a 23% Social Security Cut Would Cost the Average Retiree

by FeeOnlyNews.com
3 months ago
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Here’s How Much a 23% Social Security Cut Would Cost the Average Retiree
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More than 68 million Americans receive Social Security benefits, but their monthly payments could soon diminish. The latest annual report from the Social Security trustees projects that the Old-Age and Survivors Insurance Trust Fund — which funds retirement benefits — will deplete its reserves by 2033. At that point, Social Security payroll taxes that workers pay would continue to go into the…



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