Here's How Much a 22% Social Security Cut Would Drop the Average Benefit
This could be pretty painful, but fortunately, it's not inevitable.
Overview
If Social Security is your main source of retirement income, you're probably already struggling. Even with your budget pared down to the essentials, you may still find yourself scrambling to come up with cash when an unplanned expense arises.
Losing any of your Social Security benefits is probably unthinkable, yet it's something all workers and seniors have been forced to think about in light of recent news. The latest Social Security Trustees' Report revealed the program is just six years from a possible 22% benefit cut, and the consequences could be devastating.
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Details
Source
Originally published at www.fool.com.
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