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Social Security Issues Urgent 6-Year Warning: Why 63 Million Americans Face an Automatic $500 Monthly Cut

International Business Times UK — July 01, 2026 at 12:18 PM UTC

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Social Security Issues Urgent 6-Year Warning: Why 63 Million Americans Face an Automatic $500 Monthly Cut

The US Social Security system warns of a potential 22% benefit cut by 2032 due to fund depletion, affecting 63 million Americans. Congress must act to prevent financial strain on retirees.