Social Security Cuts – $1,375 Monthly Reduction for Retirees Announced, Effective From Specified Date
Social Security benefits may be reduced by up to $1,375 monthly by 2033 due to a shortfall in the Trust Fund. While potential solutions include raising the retirement age and increasing taxes, retirees are encouraged to take proactive steps in their financial planning. Stay informed and prepared for any legislative changes that could impact your benefits.