The Economic Times

What? Could your Social Security benefits be cut by $500 a month in 2032? Here's which states face the biggest losses from trust fund insolvency

For millions of retirees, Social Security is more than a government benefit. It is a lifeline. New projections warn monthly checks could fall by about $500 in 2032 if the trust fund runs short. The risk is not immediate. But the numbers reveal why many Americans are growing increasingly concerned.