Here’s Exactly How Much Your Social Security Payment Could Be Cut

If you are a retiree who relies on your monthly Social Security benefit payments, then you might want to start saving as much as you can. The most recent report on the state of the Social Security trust fund shows that by 2032 the program will only be able to pay recipients around 78 percent of their full benefits.

And according to a report by KWQC in Davenport, Iowa, if that happens, “people would see a $455 cut to their current monthly checks.”

That is clearly not acceptable! The Seniors Trust is committed to improving the financial well-being of older Americans by passing the Social Security Expansion Act. Not only will this landmark piece of legislation ensure the long-term solvency of the Social Security program, but it will also give retirees an immediate increase of about $200 a month in benefits and provide a fairer annual cost-of-living adjustment (COLA).