Attention Economy


Wednesday, August 9, 2023

Social Security Benefits Could Get Cut

Retirees Face a $17,400 Cut if Social Security Isn't Saved
https://www.crfb.org/blogs/retirees-face-17400-cut-if-social-security-isnt-saved
 
Retirees Face $17,400 Cut to Social Security Benefits in 2033
https://www.bloomberg.com/news/articles/2023-08-09/social-security-benefits-cut-retirees-could-see-17-400-less-in-2033
A new analysis has calculated the potential reduction in payouts if politicians are unable to address the looming budget shortfall. 

Related:
Fitch’s downgrade of US debt wasn’t a mistake — it was long overdue 
https://thehill.com/opinion/finance/4138215-fitchs-downgrade-wasnt-a-mistake-it-was-long-overdue/