✉news BusinessEconomy first seen 2 d ago, last 2 d ago, peak #22
Report: Social Security cuts cost New York $26.2 billion
Original: New York lost $26.2B in economic output from past Social Security cuts: report
New York lost $26.2 billion in economic output as a result of past Social Security cuts, according to a report cited by Crain's New York Business. The finding links federal benefit reductions to measurable losses in the state's economy, likely through reduced consumer spending among retirees and benefit recipients, and is drawing attention amid ongoing debates over the program's future funding.
Why now: Ongoing national debate over Social Security's finances makes estimates of cuts' economic damage timely
New YorkSocial SecurityCrain's New York Business
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