With Automatic Benefit Cuts Looming, Nearly All Voters Want Lawmakers to Reform Social Security
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years. If lawmakers fail to act, there will be an automatic 23% annual benefit cut for all recipients. That’s a loss of about $17,400 per year for the typical retired couple
The vast majority of voters are urging lawmakers to take action to strengthen Social Security, according to a new national poll, jointly conducted by Democratic firm Global Strategy Group and Republican firm North Star Opinion Research.
Further Reading
Social Security Is in Trouble. What Does That Mean for Younger Americans?
Social Security’s looming insolvency is also a threat to the economic future of younger Americans.
Senators We Elect in 2026 Will Have to Deal with Automatic Social Security Cuts
Without congressional action within the next six years, millions of Social Security recipients will face an automatic benefit cut of approximately 22 percent.
Despite Decades of Warnings, Depletion of Social Security’s Trust Fund Is Getting Closer
The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.