Social Security cuts: 28 states could lose $500 or more per month
A Yahoo Finance article by Rachel Christian draws on a Committee for a Responsible Federal Budget analysis to show how a projected 22% Social Security shortfall — with trust fund reserves depleted in late 2032 — could cut average benefits by more than $500 a month in 28 states, from $459 in Mississippi to $556 in Connecticut. Christian advises readers not to assume the cut is inevitable and to shore up retirement savings, check their benefit estimates, and stress-test their budgets.
