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Social Security’s Ticking Time Bomb | Business and Finance News
Description
Social Security’s trust fund is running dangerously low, with critical coverage drops projected by 2032 and 2034—unless lawmakers break the political deadlock. Politicians avoid tough choices: Republicans resist tax hikes, Democrats shy from benefit cuts, and conflicting policies like tax deductions on benefits are worsening the shortfall. With no real fix in sight, future retirees face automatic, painful cuts—and the longer leaders delay, the deeper the crisis becomes.
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