How possible will a cut down of Social Security benefits be
If the time of your retirement coincides with 2035, you should be aware that there is a possibility that the program will ensure lower monthly payments by almost 23%, if we take after the 2020 annual report of the trust funds’ board of trustees, as mentioned above. On an individual level this percentage will definitely translate into money problems for many American households.
Now, not all experts say that this will really happen, some of them believing that Congress will step in in order to avoid a real national disaster, given that many people will rely on money from Social Security by 2035.
