Social Security Crisis: Time to Act

Trumps Tax Cuts Accelerate Social Securitys Depletion: A Looming Crisis for Retirees The latest Trustees Report warns that the main trust fund for retirees and survivors will run dry by 2033, forcing cuts up to 23% without big changes. Trumps tax cuts, signed last July, exacerbate the issue by reducing payroll taxes, Social Securitys main cash flow, and speeding up the funds depletion. The programs 75-year shortfall has ballooned to $25.1 trillion due to demographic shifts. Lawmakers have known about these cracks for decades but have yet to take action. Without fixes soon, millions of seniors face real pain just seven years out. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/aa3f847d85921cb7