Former head of the Social Security Administration, Martin O’Malley, warns that planned staffing cuts could put Social Security payments at risk, potentially for the first time in history.
Yahoo Finance Senior Reporter Jordan Weissmann joins Wealth to discuss how a 12% workforce reduction may lead to a loss of essential tech support, increasing the chances of payment delays.
While some believe payments will continue, others express concern over the impact of these cuts on the program’s stability.
To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/series/wealth/
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