Independent thinking for complex markets and current events
“The Congressional Budget Office says to be prepared for Social Security check payments to be reduced in 6 years due to low funds “It’ll be an immediate 7% payment cut in 2032, and then an average 28% benefit drop from 2033 onward” You pay in your whole life and the government spends it and then …
Social Security is heading straight into a wall. The trust fund is expected to run out by 2033. That means automatic cuts will hit over 60 million Americans if Congress doesn’t act. The Social Security Trustees report says benefits will be slashed by about 23% in 2033. https://www.washingtonpost.com/business/2025/06/18/social-security-predictions-questions-answers/ CRFB projects the average dual-earning couple could …
Prices climbed faster than paychecks again this quarter. Beef just broke $6.12. Social Security faces a mandatory 24% slash starting January 2033. And 40% of U.S. workers now earn less than the inflation-adjusted cost of living. Indeed’s real-pay tracker posted a July spike. 43% of Americans are losing ground on purchasing power. March’s level was …