Committee for a Responsible Federal Budget<\/a> indicates that dual-income couples may face a reduction of $18,000 annually if they retire in 2033, while single-earning families could see a decrease of more than $13,000 compared to retiring now. <\/p>\n“Depending on a couple\u2019s age, marital status, and work history, the actual size of the benefit cut would vary,” according to the report.<\/p>\n
The anticipated shortfall was attributed to the expected depletion of Social Security’s Old-Age and Survivors Insurance Trust Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"UNDATED (WKRC) – Social Security trust fund depletion could cut retirement income by thousands. A new report by…\n","protected":false},"author":3,"featured_media":98411,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64406,64405,64,64403,64404,255,706,64407,711,45059,67,132,68],"class_list":{"0":"post-98410","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-64406","9":"tag-benefit-cut","10":"tag-business","11":"tag-depletion","12":"tag-dual-income-couples","13":"tag-personal-finance","14":"tag-retirement-income","15":"tag-single-earning-families","16":"tag-social-security","17":"tag-trust-fund","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114928858228137137","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/98410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=98410"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/98410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/98411"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=98410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=98410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=98410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}