Due to concerns about Social Security’s insolvency, a recent analysis from the nonprofit Committee for a Responsible Federal Budget estimated that Americans could experience a 24% cut to their benefits by the end of 2032. It projected benefit cuts in 2033 ranging from $8,200 to $18,000 for single-income couples and $11,000 to $24,000 for dual-income couples.
While Congress may still act before the Social Security fund is depleted, it’s smart to plan ahead so you have other income sources to supplement your retirement savings and benefits. One option is to take on senior-friendly side hustles that let you make money doing potentially low-stress, enjoyable work online or locally.
