Will Social Security Benefits Get Cut Sooner Than Expected?

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There have been looming reports for years about an impending cut to Social Security.

While some seniors have prepared well, even the most responsible retirees could be impacted by benefit reductions – and it could be coming sooner than previously thought.

One report said cuts could be happening as soon as 2034, which is a year earlier than previously expected. While this gives current and even future retirees more time to prepare, it’s still a serious problem.

Not only does it represent a reduction in a benefit rightfully earned, but the problem could get worse. The source of the program, payroll taxes, continues to suffer in an economy plagued by rising unemployment.

NORA believes seniors deserve their full benefits, which is why we fight for it on the legislative floor. If you’re interested in our mission and following the changing state of Social Security, follow us on Twitter and Facebook today.