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Social Security’s Deadline Looms | Raleigh News

Social Security’s Deadline Looms | Raleigh News

Published 1 week, 3 days ago
Description

Social Security’s retirement fund is on track to run dry by 2032, threatening benefit cuts for millions—unless lawmakers act. Combining funds could delay the crisis to 2034, but still risks a 17% reduction. Options include raising taxes, lifting the wage cap, or raising the retirement age. With no clear solution in sight, experts urge everyone to start planning for a potentially diminished future.

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