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Social Security benefits face big cuts in 2033

Newsweek on MSN · 21h

Social Security Makes Major Change to Payments: What to Know

This includes Social Security payments, a small number of which are still issued via paper checks. Critics of the policy have said it could have negative impacts on vulnerable recipients, while supporters have said the change is long overdue.

CNN on MSN · 1d

Social Security won’t be able to pay full benefits in 2034 if Congress doesn’t act

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending shortfall, according to an annual report released Wednesday by Social Security’s trustees.

The New York Times · 1d

Social Security’s Finances Erode Further, Risking Benefit Cuts

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could lead to payment cuts in eight years.

Social Security’s Potential Insolvency Date Moves Up 1 Year

CBS News on MSN · 15h

Social Security insolvency date could hit a year earlier, report says

Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.

USA TODAY on MSN · 20h

The Social Security crisis is coming one year earlier than we thought

The Social Security shortfall date just moved a little bit nearer. New federal projections, released on June 18, show that the combined Social Security trust funds will pay 100% of benefits until 2034 before becoming depleted. That date is one year earlier than the Social Security Administration reported a year ago.

Independent Journal Review · 5h

Social Security Now Headed For Insolvency Even Sooner Than Expected

Social Security will be unable to pay full retirement benefits by 2034, one year earlier than previously projected, according to

1hon MSN

3 Social Security Changes Coming in 2026 May Surprise Retirees

Social Security is an indispensable financial safety net for most retired workers because the program offers guaranteed ...

1don MSN

Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law

The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...

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