Study: Social Security Recipients Could Face Benefit Cuts This Decade
Social Security benefits are an integral aspect of millions of Americans' retirement. Around 1 in 5 married couples rely on their monthly checks for at least 90% of their retirement income, according to the Social Security Administration, as do close to half of unmarried beneficiaries.
However, the Social Security program is struggling, and it has been for years. As a result, there is a chance Social Security recipients will see their benefits reduced in the relatively near future. Many experts believe that won't happen for at least a decade, but a new study suggests benefit cuts might be closer than you think thanks to the COVID-19 pandemic.
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Source Fool.com
