Your Social Security Income Might Shrink Even if Benefits Aren't Cut. Here's Why
At this point, a lot of people are worried that Social Security is going to shrivel up and stop paying benefits. Thankfully, that's just not true.
Social Security is facing some financial challenges. But at this point, the worst-case scenario is looking like benefits cuts, not the program doing a complete disappearing act.
Still, benefit cuts aren't exactly the best news, especially if you're someone who's been struggling to save for retirement and expects to be heavily reliant on Social Security once your career comes to an end. But you should know that even if Social Security isn't forced to slash benefits universally, you might still end up with less money from the program for one big reason.
Source Fool.com
