Social Security benefits at risk in 2032: Will 35 new Senators prevent a 22% cut?

Economic Times - Nov 8, 2026

Social Security benefit cuts 2032: Social Security faces a potential 22% benefit cut in 2032 as its retirement trust fund is projected to run out of reserves. Thirty-five newly elected senators will have to confront the funding challenge, with proposals ranging from raising payroll tax limits on high earners to changing how retirement funds are invested.

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