Social Security checks are projected to be cut by $540 a month in just six years

Social Security checks are projected to be cut by $540 a month in just six years Social Security checks are projected to be cut by $540 a month in just six years ‘This is not a drill:’ Social Security provides benefits to more than 70 million retired workers and people with disabilities The average Social Security retirement benefit was about $2,086 a month as of July, according to the Social Security Administration. Social Security’s future may be even more dire than expected as time is running out to shore up the program’s finances. Social Security will be insolvent by mid-2032, triggering a 26% benefit cut, which will rise to 40% by the end of the century, according to the latest projections from the Congressional Budget Office.

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This test screens for 50 cancers — but whether Medicare and other health insurers will cover it hinges on FDA approval These stocks are the ‘four horsemen of AI’ — and they’re not the ones you’d think Nearly half of adults under 30 live with their parents. The financial fallout could last for decades. Jessica Hall is a retirement reporter for MarketWatch.

She was an Age Boom Academy Fellow at Columbia University and completed the Leadership Exchange on Ageism. She previously worked at Mainebiz, the Portland Press Herald and the Maine Sunday Telegram, where she and her team earned a Scripps Howard Award for Community Journalism for a series on aging. She spent 17 years at , covering mergers and acquisitions, telecommunications, and airlines.

She started her career in Baltimore at the Daily Record and the Baltimore Business Journal. She has also written for Barron’s and other publications. Intraday Data provided by FACTSET and subject to terms of use.

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