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GOBankingRates
GOBankingRates
Gabrielle Olya

Social Security Cuts Could Cost You $138K: Here’s How Much More You’ll Need To Save

Social Security PensionBee Romi Savova
Ridofranz / Getty Images/iStockphoto

If Congress doesn’t act soon, millions of Americans could see their Social Security benefits reduced within the next decade. According to the 2025 Trustees Report, the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100% of total scheduled benefits until 2033, after which point benefits would be cut by 23%.

Find Out: How Much the Average Upper Class Retiree Claims in Social Security Benefits at Age 65

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