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Impending Social Security Cuts Could Devastate Retirees: Find Out How Much You Could Lose
Social Security cuts could reduce benefits by up to 23% starting in 2034, leaving many retirees facing a significant income loss. Understanding the causes of these cuts and how to prepare for them is crucial for anyone relying on Social Security for retirement income. Save more, diversify income, and start planning now to ensure your financial security in the years to come.
Social Security Cuts Paused! What It Means for Student Loan Defaulters in 2025
The U.S. government has paused cuts to Social Security benefits for borrowers in default on federal student loans. This temporary relief offers an opportunity for older Americans to explore options like loan rehabilitation and income-driven repayment plans without losing their Social Security income. However, other collection methods like wage garnishments and tax refund offsets will continue.
