Newly Retired Couples May Face $16,900 Annual Social Security Reduction by 2033
According to the Committee for a Responsible Federal Budget (CRFB), newly retired dual-income couples may lose approximately $16,900 annually in Social Security benefits if no action is taken. The Social Security trust fund is projected to be depleted by late 2032, leading to an estimated 22% benefit cut.
Topics: federal budget Medicare retirement planning Social Security