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Report: More than 1M Minnesotans Could Face Social Security Cuts by 2032
- More than 1 million Minnesotans could face Social Security benefit cuts by 2032 if Congress does not resolve the program's insolvency issue.
- The report titled 'No State Spared: Mapping the Impact of Social Security's Insolvency' analyzed effects of potential benefit reductions when the retirement trust fund is depleted.
- The Old-Age and Survivors Insurance Trust Fund is expected to run out by 2032, leading to an estimated 24% cut in benefits.
- Approximately 1,025,961 Minnesotans may be impacted, with retirees facing an average monthly cut of $530.
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42 Articles
42 Articles
Projected Social Security cuts would hit one in five Wisconsinites
By Judith Ruiz-Branch Advocates for seniors in Wisconsin are calling on lawmakers to address a projected Social Security funding shortfall that could affect 1.3 million Wisconsinites. The program’s main retirement trust fund could be depleted in less than seven years, according to a report from the Social Security Trustees. If it happens, retirees would face a 22% benefit cut, lowering monthly checks by about $450. Raj Shukla, state director of …
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Coverage Details
Total News Sources42
Leaning Left5Leaning Right14Center12Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 16%
C 39%
R 45%
Factuality
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