From Nasdaq: 2025-06-28 16:25:00

Social Security is a major source of income for many Americans, with over one-third of adults relying on it for retirement. However, the program faces uncertainty, with benefit cuts looming in just eight years. The Social Security trust fund is depleting, exacerbated by demographic shifts and income inequality. Changes in Social Security policies have led to a forecast of a 23% reduction in benefits by 2033. Despite the challenges, waiting to claim Social Security may still be the best option for seniors, as Congress is unlikely to allow benefit cuts and early claiming could result in a worse scenario in the future.



Read more at Nasdaq: The Future of Social Security Just Went From Bad to Worse. Here’s What Seniors Can Expect Next.