Benefit Cuts
Questioning the “Inevitability” of Benefit Cuts
As Social Security steadily spirals toward a 2032 insolvency, repeated media accounts warn of an across-the-board benefit cut of more than 20%…some say as high as 28%. Without question, that is a concern for many seniors and Social Security beneficiaries,…
Would Americans support lowering Social Security payments?
The Social Security Trustees project the Social Security Trust Fund will deplete its reserves by 2033; upon insolvency, all beneficiaries will face a 21 percent across-the-board benefit cut. The policymakers have only nine years until insolvency and must take action…