Congress must act or automatic Social Security cuts begin in 2033

Unless Congress takes action, in a little more than 8 years Social Security recipients will see their monthly payments cut by 21%. And, astoundingly, some in Congress are talking about instituting this cut even earlier in the name of “affordability.”

Letting Social Security go bankrupt would direly impact America’s seniors, as nine out of ten rely on their benefits for a portion of their retirement income. Furthermore, National Institute on Retirement Security reports that 40% of older Americans rely solely on their monthly Social Security check.

Those most severely impacted will be retirees who were low- to middle-income earners. There is deep irony in the fact that some of America’s wealthiest are in charge of making the decisions that could fix this longstanding problem. But they’re running out of time to act.

Only Congress has the power to make changes to Social Security, and congressmembers are elected every two years.

Take away? Ask your congressmember what they’re doing to protect YOUR benefits.

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