Bakersfield News Social Security faces funding cliff

Social Security faces funding cliff

A new report warns Social Security's trust fund could be depleted by 2032, triggering automatic benefit cuts of about 22% unless Congress takes action. Experts say millions of retirees could see hundreds of dollars disappear from their monthly checks as pressure mounts on lawmakers to address the program's long-term finances. MORE: https://bakersfieldnow.com/news/nation-world/new-report-warns-social-security-trust-fund-could-run-dry-sooner-than-expected-brandon-arnold-trump-administration-national-taxpayers-union-congress-financial-outlook-benefits-senior-living-inflation-retirees ----------------------------------------- Stay up to date with our social media: BakersfieldNow on Facebook: https://www.facebook.com/bakersfieldnow BakersfieldNow on Twitter: https://twitter.com/bakersfieldnow BakersfieldNow on Instagram: https://www.instagram.com/bakersfieldnow Subscribe to BakersfieldNow on YouTube: / @bakersfieldnow For more information, visit https://bakersfieldnow.com/ Have a news tip? Send it directly to us: Email us: [email protected] Call our Tipline: 661-869-2929 KBAK and KBFX are CA based stations and a CBS and FOX Television affiliates owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. #bakersfield #News #KBAK #KBFX #BakersfieldNow#kerncounty #California

29 Eyewitness News