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Story summary
- Former U.S. Senator Mark Udall and former U.S. Representative Bob Beauprez warn that Social Security cuts could begin by 2031 if Congress fails to act.
- More than 70 million rely on Social Security, and funding gaps could trigger a 24% cut or deplete the trust fund by 2033.
- In Michigan, a 20% cut could mean about $400 per month for many seniors.
- Experts propose raising payroll taxes or adjusting the retirement age to prevent cuts.
