Social Security faces potential 22% benefit cuts in 2032 despite 3.6% COLA boost for 2027

Social Security faces potential 22% benefit cuts in 2032, a warning from Michael A. Peterson that comes despite the 3.6% cost-of-living adjustment announced for 2027, which takes effect December 1. The projected cuts renew the debate over the program's long-term funding.

Detected & updated continuously · Source: Nebula