Your Social Security check could be cut by $500 a month in 2032, report finds

Source CBS Local
Original Load Date June 3, 2026, 3 p.m.
Last Updated June 3, 2026, 3 p.m.
Original URL https://www.cbsnews.com/chicago/news/social-security-trust-fund-depletion-benefit-cuts-by-state/

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The millions of Americans who rely on Social Security could see their monthly benefit checks slashed by an average of about $500 if the program's retirement trust fund becomes insolvent, a scenario currently projected for the end of 2032. The reduction would amount to a 24% cut in the typical benef...