‘No state would be spared from the potentially devastating effects of insolvency’

Social Security beneficiaries face, on average, a $500 monthly cut in benefits if Congress doesn't act soon, a new analysis shows.

Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.

Social Security faces a looming depletion date for its retirement trust fund. A new report looks at how much benefit cuts Americans may see to their benefits.

‘No state would be spared from the potentially devastating effects of insolvency’