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":2,"featured_media":41922,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[8759,33703,28,33701,33702,147,530,19526,33704,733,7670],"class_list":["post-41921","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-8759","tag-benefit-cut","tag-business","tag-depletion","tag-dual-income-couples","tag-personal-finance","tag-personalfinance","tag-retirement-income","tag-single-earning-families","tag-social-security","tag-trust-fund"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/41921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=41921"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/41921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/41922"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=41921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=41921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=41921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}