Retirees in This State May Face an Average Social Security Benefit Cut of More Than $496 in 6 Years
This could be a devastating blow to residents.
Retirees in This State May Face an Average Social Security Benefit Cut of More Than $496 in 6 Years
Overview
Social Security can't keep going the way it has been for much longer. It's been spending more money than it's taken in since 2021, and now it's only six years away from a possible 22% benefit cut, according to the latest Trustees' Report.
That would hit beneficiaries across the U.S. pretty hard, but there's one state that would face a steeper reduction than the rest.
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Details
Source
Originally published at www.fool.com.
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