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Could individuals see cut to their benefits? - AL.com
Following the bipartisan Social Security financing deal in 1983, Social Security ran a surplus every year until 2021. Starting in 2021, Social Security’s total cost exceeded its total income. However, the trust funds’ reserves supplement the program’s income until, according to the latest projections from the Social Security Board of Trustees, they run out in the fourth quarter of 2032. Leada Gore, writing for AL.com, explains how individuals who depend on Social Security benefits could see their monthly payments cut in seven years. Read Ms. Gore’s article here…
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