Social Security Payments Face $500 Monthly Cut by 2032, All States Affected
Social Security’s main fund is on track to run short in about 2032, leaving retirees with about $500 less each month if Congress does nothing, according to a new report from the Committee for a Responsible Federal Budget. The group said this week that a 24% cut would drop average monthly checks by $459 to $556 in every state and Washington, D.C.
