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Bipartisan group looks to overhaul Social Security and help save it from financial ruin
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NEWSDECK ANALYSIS
Social Security is a vital component of the US social safety net, providing financial assistance to millions of retirees, disabled workers, and the survivors of deceased workers. The programme's financial sustainability has been a longstanding concern, with projections suggesting that its trust funds will be depleted in the coming decades. The reported 2032 deadline for when Social Security will only be able to pay out 78 percent of benefits underscores the urgency of addressing the programme's financial challenges.
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Independent World
Bipartisan group looks to overhaul Social Security and help save it from financial ruin
The effort, led by Senator Dick Durbin, comes after a report found Social Security will only be able to pay out 78 percent of benefits in 2032
11 Aug, 20:48
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