{"id":2001581,"date":"2023-08-15T17:11:02","date_gmt":"2023-08-15T21:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-checks-on-track-to-be-slashed-in-less-than-a-decade-study-finds\/"},"modified":"2023-08-15T17:13:02","modified_gmt":"2023-08-15T21:13:02","slug":"social-security-checks-on-track-to-be-slashed-in-less-than-a-decade-study-finds","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-checks-on-track-to-be-slashed-in-less-than-a-decade-study-finds\/","title":{"rendered":"Study: Social Security Checks to Be Drastically Reduced in Under 10 Years"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsocial-security-checks-on-track-to-be-slashed-in-less-than-a-decade-study-finds%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2001581&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<figure><figcaption>\n<h2>AP<\/h2>\n<\/figcaption><\/figure>\n<\/div>\n<div>\n<h3>Social Security Checks at Risk<\/h3>\n<p>A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/study-shows-vaccine-lotteries-may-be-ineffective\/\" title=\"Study shows vaccine lotteries may be ineffective\">recent study published<\/a> \u200bthis month has revealed a concerning future for Social \u2063Security.\u200b Without necessary reforms, the program is\u200d projected\u200b to face significant cuts in less than \u200da decade.<\/p>\n<p>According\u2063 to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rnc-chair-condemns-biden-abortion-policy\/\" title=\"RNC chair condemns Biden abortion policy\">study conducted<\/a> by the Committee for a \u200cResponsible Federal\u200b Budget, a dual-income couple\u2062 with a medium income relying on Social Security checks can expect a reduction of $17,400 in annual\u2063 benefits by \u200b2033.\u200d The impact\u2062 is even greater \u2064for low and \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/social-security-checks-on-track-to-be-slashed-in-less-than-a-decade-study-finds\/\" title=\"Study: Social Security Checks to Be Drastically Reduced in Under 10 Years\">high-income dual-income retiree households<\/a>, \u200bwho \u200dwill face reductions \u200dof $10,600 and $23,000, respectively.<\/p>\n<p>Alarming as it may be, these reductions are just the tip of the iceberg. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-some-hospitals-would-lose-up-to-30-of-staff-under-bidens-vaccine-mandate\/\" title=\"Report: Some Hospitals Would Lose Up to 30% of Staff Under Biden's Vaccine Mandate\">group estimates<\/a> that all retirees will experience \u2063a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-study-committee-aims-to-balance-federal-budget-in-seven-years\/\" title=\"Republican Study Committee's goal: Achieve federal budget balance within seven years.\">23 percent cut<\/a> to their benefits if no intervention takes place.<\/p>\n<p>A March report from\u2064 the Social\u2062 Security Administration&#8217;s\u200b Board of Trustees supports\u200d these\u200b findings, stating\u200b that Social \u200bSecurity will reach insolvency in 2033, a year earlier than previously predicted. The committee&#8217;s report aligns with this estimate.<\/p>\n<p>Adding to the concerns, a \u2063simultaneous report from the Medicare \u2062Board of Trustees reveals \u200cthat Medicare is also on\u2062 track to \u200creach insolvency in 2031.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Study: Social Security checks to be cut in less than a decade if program not reformed. By 2033, a dual-income couple with medium income will face a $17,400 reduction in annual benefits, warns Committee for a Better Future. Urgent action needed to safeguard Social Security for future generations.<\/p>\n","protected":false},"author":2112,"featured_media":2001583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2001581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2112"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2001581"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001583"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}