ADVERTISEMENT
Retirees Face $17,400 Cut To Social Security Benefits In 2033
A new analysis has calculated the potential reduction in payouts if politicians are unable to address the looming budge shortfall.
10 Aug 2023, 08:09 AM IST 
A customer hands over Euro banknotes for groceries at a market stall in Hamburg, Germany. Photographer: Maria Feck/Bloomberg
(Bloomberg) -- A new analysis puts a dollar figure on the cuts Americans could see to Social Security benefits in 2033, when analysts expect payroll taxes that flow into the program won’t be enough to cover monthly payments to retirees.
