Conn. retirees could face $556 a month cut if Social Security runs short The DaySocial Security faces a 24% cut in 2032—that’s a $345 billion hit to retirees nationwide, watchdog says FortuneYour Social Security check could be cut by $500 a month in 2032, report finds CBS NewsHow, when your Social Security check could be cut by $500 a month: Report FOX 8 NewsNo State Spared: Mapping the Impact of Social Security’s Insolvency-Wed, 06/03/2026 – 12:00 Committee for a Responsible Federal Budget