Americans who receive Social Security checks could see benefit checks cut by $500 a month on average if the program is allowed to hit its projected “go-broke” date in late 2032, according to a new analysis.
That amount represents the 24% benefit cut that would be necessary to allow Social Security Administration (SSA) payments after the retirement fund is exhausted, according to fiscal policy think tank Committee for a Responsible Federal Budget (CRFB).
“Applying this projected reduction to current state-level data, we estimate an across-the-board monthly cut would range from $459 to $556 across the 50 states and the District of Columbia,” the report says.
More...
Democrats and other Donald Trump critics reacted incredulously to a New York Times report on Sunday...
The US Postal Service prepared to publish a final rule late on Friday to impose new...
Nashid Shakir describes how assailants used wire cutters to break into the Westwood Islamic Community Center...
