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Markets · Investing · Business
Finance
If Social Security Benefits Are Slashed, These 10 States Will Get Hit the Worst
A 22% benefit cut remains possible, but fortunately, there are ways around it.
Social Security beneficiaries face a possible 22% benefit cut in just six years, if the estimates in the latest Trustees' Report prove accurate. There are few seniors who wouldn't be devastated by a blow like this, but some would get hit much harder than others.
There are 10 states in particular whose residents would experience notable challenges as a result of such a benefit cut. Fortunately, this isn't the most likely outcome.
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