Social Security facing up to $500-a-month cuts for millions
A recent analysis finds benefits could fall as much as 24% by 2032 — averaging about $500 monthly — with effects varying across states.
Barring action from Congress, millions of Americans who depend on Social Security could see their benefits cut by as much as 24% in 2032. The deep cuts would average about $500 a month, but, according to a recent analysis, the impacts would vary by state.