Social Security on verge of bankruptcy and will there be benefit cuts soon? Here's current situation, how to prepare for cuts and when benefits may fall
Published on: Dec. 26, 2025, 7:53 p.m. | Source: The Economic Times
Social Security is facing financial challenges that may reduce benefits by 2033. Workers and retirees need to prepare for possible cuts. Strategies include boosting savings, delaying claims, and adjusting retirement plans. Congress can change taxes, benefits, or retirement age to address the funding shortfall.
