2033: Social Security faces reduced monthly checks, putting political pressure on Washington to act.
The Social Security program is expected to face reduced monthly checks as soon as 2033, putting political pressure on Washington to take action before then. The 1983 reforms, which staved off insolvency, may provide a historical comparison for how this standoff could unfold. The bad news for recipients is that prior instances suggest procrastination could win out, as recent history and campaign rhetoric indicate.
May 18, 2024
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