US retirement woes: Could Americans' Social Security payments drop by $500 in 2032? What to know
Published on: June 9, 2026, 6:37 p.m. | Source: Livemint
A new report warns that Americans could face a 24 per cent cut in Social Security benefits by 2032 if Congress fails to address the programme's funding shortfall. The reduction could lower monthly payments by about $500 on average.
