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Social Security is vital for about 16 million seniors, preventing poverty annually, but faces challenges such as potential benefit cuts and a significant loss of buying power that could cost retirees over $4,000 each year. This uncertainty raises concerns about the program’s future effectiveness as a financial lifeline for many Americans.
Explain It To Me Like I’m 5: Social Security helps many older people in America have enough money to live, but there are worries that they might get less money in the future, which could make it harder for them to buy things they need.
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