Seniors on Social Security Could Face $460 Monthly Cut to Benefits

Jim Komoroski, a Registered Social Security Analyst and Principal Agent of The M1 Agency, told Newsweek: “The projected $460 monthly reduction is a realistic outcome if Congress does not act, but it ultimately comes down to political will. The funding shortfall has been known for years. It’s no secret, we just continue to kick the can down the road. The more we delay action we narrow the range of workable solutions. We also haven’t fully realized the impact AI will have as less workers pay into the system.”

Published by Pamela Kweller, RSSA®

Pamela Kweller is the Content & Community Manager at RSSA. She is also certified as a Registered Social Security Analyst®. The mission of RSSA is to help Americans get the maximum Social Security income they have earned, enabling them to enjoy their lives more fully. Contact Pamela: pkweller@rssa.com