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Retirement

Social Security May Cut Benefits by $16,900 a Year for Retired Couples Starting in 2033

via Committee for a Responsible Federal Budget

A nonpartisan fiscal watchdog estimates that a typical dual-income retired couple could lose $16,900 per year in Social Security benefits starting in 2033, when the trust fund is projected to run out without congressional action. Under current law, a 22% across-the-board cut would trigger automatically at insolvency.