How people will be impacted by Social Security cuts - GoBankingRates

In 2023, an average of almost 67 million Americans per month receive a Social Security benefit. Social Security is the major source of income for seniors. But the Social Security Trust Fund is in trouble if not resolved; there is a growing chance that Social Security recipients will face an almost 30 percent cut in their benefits in 2034. However, these cuts will not only affect those receiving Social Security benefits; they will impact people of all ages. Elizabeth Constantineau describes how the prospect of Social Security cuts will impact every age. Read Ms. Constantineau’s article here…

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

Comments On This Topic

  1. I feel that those who paid in for over 20yrs should not be effected at all..
    I feel all other programs that were wedged into the S.S. Fund should be taken back out and placed in other social programs where they belong

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