Here's What the Speaker of the House Is Saying About Cuts to Social Security
As the date of Social Security's insolvency approaches, Speaker of the House Mike Johnson's comments have some people riled up.
Overview
The good news is that the Social Security Trustees' 2026 Report appears to have lit a fire under lawmakers from both sides of the aisle. It's not surprising, given that the trustee's latest report indicates the Social Security trust fund will run out in 2032 -- one year earlier than previously predicted -- leading to potential cuts in benefits of at least 22%.
That leaves retirees concerned about how they will get by on smaller Social Security checks and whether they need to return to work to make ends meet. In short, the trustees' report has led to a new wave of financial anxiety.
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Originally published at www.fool.com.