Social Security May Face Benefit Cuts In 2034, Trustee Report Says

“Social Security beneficiaries would still get 78% in 2034 even if Congress does nothing at all,” Martha Shedden, president and co-founder of the National Association of Registered Social Security Analysts, told Financial Advisor magazine. “There are so many variables that can be adjusted that can extend the longevity of the system for decades, it’s just going to take that shock of the possibility that benefits will be reduced to get lawmakers to act,” Shedden said.

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: