Retired Couples Could Lose $16,900 per Year in Social Security Benefits by 2033

Retirees face significant Social Security funding shortfalls, with benefits potentially reduced by 22% by 2032 if Congress takes no action. The Social Security trust fund is projected to be depleted by the end of that year, and the system's insolvency could lead to cuts of up to 35% by the century's end. Legislators are exploring bipartisan proposals to address the crisis, including measures to bolster funding and reform benefits.

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