Millions of Americans could see their Social Security benefits cut by 21% in just nine years, according to a recent report. A new survey reveals that 97% of Americans agree it is important for leaders to save Social Security from these cuts. The Treasury Department stated last month that the trust funds, which cover old age and disability recipients, will be unable to pay full benefits by 2035. If no action is taken, Social Security would only be able to pay 83% of benefits. This potential reduction in benefits could start as early as 2033, and beneficiaries may face an across-the-board benefit cut in the next decade.
Social Security beneficiaries may face an across-the-board benefit cut in the next decade if Congress does not take action sooner. https://t.co/o4JR0cHxFA
Social Security payments could see steep cuts starting in 2033 https://t.co/jK9uykkOo2 https://t.co/RhO2cSX56m
The Treasury Department said last month that the trust funds — which cover old age and disability recipients — will be unable to pay full benefits in 2035. If that happens, Social Security would only be able to pay 83% of benefits. https://t.co/ofW0Dj6F70
In a new survey, 97% of Americans agree it's important for the leaders to save Social Security from a 21% benefit cut in 9 years. I have been saying this for months.
Millions of Americans could see their Social Security benefits cut in just nine years, and according to a recent report, most people have no idea. Read the full story: https://t.co/d4oZ0Sphrg https://t.co/k3xTRSPxzw