Proposed cuts to Social Security benefits could severely affect seniors, potentially driving many into poverty. For a significant portion of retirees, Social Security serves as their main or only source of income. Any reduction in benefits could make it difficult for them to cover essential expenses like housing, healthcare, and food.
Given the rising cost of living and limited financial flexibility for seniors, even small benefit reductions could lead to a substantial increase in poverty rates among older adults. Maintaining consistent and sufficient Social Security benefits is crucial in ensuring financial security for retirees who depend on this important safety net.
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