Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says - Fortune
business 2026/06/05 07:00:00

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says - Fortune

Source:Fortune
Author:Nick Lichtenberg

Treasury Secretary Scott Bessent once called Trump Accounts a “back door for privatizing Social Security,” but now insists retirees will face no loss in benefits.