Social Security Retirement Cuts Could Exceed 20%

Social Security retirees could face automatic benefit cuts in the coming years, with estimates differing on the timing and size. The Congressional Budget Office projects the retirement trust fund could be depleted in mid-2032, with cuts reaching 26 percent. Other predictions put cuts at 24 percent, averaging $500 a month for beneficiaries, with potentially larger reductions in nearly 30 states. In December 2025, 70 million people received Social Security benefits, including 56 million retirees and their dependents.