The Daily Money: Social Security cuts could happen sooner than you think

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, July 16 Happy Friday eve, Daily Money readers! It's Brett Molina here to deliver your Thursday headlines in Money and Tech. Add one more way the coronavirus pandemic will serve as a disruptive force in our everyday lives: Social Security benefits. The program might not be on the verge of a collapse, but the pandemic could lead to a significant cut in benefits. And it could happen a lot sooner than we think. Unemployment claims in the U.S. continue to pile up as the economy weathers the impact of COVID-19. About 1.3 million Americans filed for claims last week. But there's a chance claims start to climb again after weeks of declines, as more states pause plans to reopen amid a spike in coronavirus cases. Finally, did you see a lot of high-profile names on Twitter pushing bitcoin? First, it was a scam. Second, it happened because of a major Twitter hack affecting big names including Elon Musk, Jeff Bezos and former president Barack Obama. Want more headlines? Keep scrolling. Brett Molina, Money/Tech editor Social Security cuts could happen sooner than you think Current Social Security benefits are not at risk of reduction due to the coronavirus pandemic, but COVID-19 could drive earlier cuts than expected. 1.3M workers file for unemployment as COVID-19 spikes Bezos, Musk, Obama and others target of Twitter hack What if COVID-19 cut my hours? Your 💰 questions,... Pros and cons of three generations under one roof Are states' roads, bridges and railways crumbling? Apple expands coding partnership with HBCUs FCA to change name after merger with PSA Kohl's will require face coverings starting Monday Kroger to require shoppers to wear masks, joins Walmart   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102