You're Too Worried About a Potential 22% Social Security Benefit Cut. You Should Be More Worried About This
Your benefits may not drop, but you could pay in other ways.
You're Too Worried About a Potential 22% Social Security Benefit Cut. You Should Be More Worried About This
Overview
Social Security beneficiaries got some alarming news last week when the latest Trustees' Report revealed that the program is just six years away from insolvency. As things stand, beneficiaries will face a devastating 22% benefit cut by the end of 2032.
While it makes for an attention-grabbing headline, this isn't especially likely. The government will almost certainly take steps to avoid an extreme benefit cut. But that doesn't mean everything's going to be smooth sailing.
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Details
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Originally published at www.fool.com.
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