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Home › Finance › Social Security faces a 24% cut…
Finance

Social Security faces a 24% cut in 2032—that’s a $345 billion hit to retirees nationwide, watchdog says

Fortune Jun 5, 2026 2h ago ⏱ 1 min read 👁 1 views
Social Security faces a 24% cut in 2032—that’s a $345 billion hit to retirees nationwide, watchdog says
Image via Fortune
📋 Article Summary
41 words
Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits. This story was reported by Fortune. For more Finance news in Kenya, stay tuned to Masaa.
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