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Benzinga
  • 6 months ago
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Security administration is facing mounting criticism over service disruptions according
00:06to the Wall Street Journal. The agency has faced staff cuts, limited phone assistance,
00:11and office closures amid a surge in retiree claims. Agency officials cautioned in a memo
00:17that tens of thousands of additional people may inundate field offices each week due to new
00:22restrictions. Call wait times now exceed two hours and only 47% of callers reach a representative,
00:28down from 60% in 2024. Doge plans to slash SSA staffing by 12% this year.
00:35For all things money, visit Benzinga.com slash GSTV.
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