Tag Archives: poverty

The Social Security tsunami: Payments could be cut by 23%, doubling the poverty rate for America’s seniors

The Social Security tsunami: Payments could be cut by 23%, doubling the poverty rate for America’s seniors

As millions of Americans rely on Social Security for their monthly income, new reports indicate the program’s finances are at a critical juncture. Here’s what every current or soon-to-be recipient should understand about the future of Social Security, the risks to your benefits, and what steps Congress could take to keep the program strong. When will Social Security “run out …

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