The Failure to Fund Social Security Could Cost Average American Couple Retiring in Eight Years More Than $160,000 in Lost Benefits and a High-Income Couple $500,000

The Failure to Fund Social Security Could Cost Average American Couple Retiring in Eight Years More Than $160,000 in Lost Benefits and a High-Income Couple $500,000

PR Newswire

DANVERS, Mass., July 22, 2026

New HealthView Services Social Security report shows the dollar cost of potential cuts to benefits starting in 2034; the savings required to generate lost income; and how retirement budgets and cash flow will be further squeezed when rising healthcare costs are factored into planningHealthView's new ClaimSync benefits calculator gives advisors a tool to build a range of Social Security scenarios into the retirement planning processDANVERS, Mass., July 22, 2026 /PRNewswire/ -- A new report from HealthView Services underscores the financial impact on future retirees of potential Social Security benefit reductions unless Congress takes steps to fund the program. The report shows a 54-year-old couple retiring in eight years receiving average Social Security benefits could lose more than $160,000 over their lifetime and a high-income couple receiving maximum benefits as much as $500,000. Even if changes are made to extend solvency, it notes that there will be a financial impact on future retirees who should consider possibility of lower Social Security benefits as they build retirement plans.