Daily Market Updates: Social Security checks could be cut by $540 a month in six years

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Social Security checks could be cut by $540 a month in six years

MarketWatch projects the average reduction if lawmakers do not act to shore up Social Security’s finances.

Reported · Written up by our desk · North America

Social Security’s future could be worse than previously expected, with projected benefit cuts of up to $540 per month within six years, according to analysis cited by MarketWatch.

The outlet says time is running out to address Social Security’s program finances, implying cuts would follow if the shortfall is not fixed.

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Global MarketsSocial Security is projected to face benefit cuts starting in 2032

Sources

MarketWatchSocial Security checks are projected to be cut by $540 a month in just six years

Global Markets

Social Security checks could be cut by $540 a month in six years

More like this

Sources

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