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GOBankingRates
GOBankingRates
Jordan Rosenfeld

Social Security Facing Serious Cuts: 7 Crucial Things To Do Now If You’re Near Retirement

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Social Security, that safety net for millions of Americans is facing an insolvency crisis that could hit as early as 2033. If nothing is done to solve that problem, benefits could be cut by as much as 24% for everyone, leaving the average retired couple $18,400 short of expected annual benefits, according to the U.S. Committee for a Responsible Budget.

Find Out: 3 Little-Known Social Security Rules That Could Save You Thousands

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