US Social Security Fund to Exhaust by 2032, Posing Benefit Cuts for 67 Million Americans

The Congressional Budget Office revised the Social Security Trust Fund exhaustion date to 2032, raising alarms about potential benefit reductions. Without policy reforms, about 67 million Americans could face a 23-24% cut in benefits, significantly impacting retirees. Attention now centers on legislative action to address the funding shortfall before the deadline.