5 Reasons Social Security Benefit Cuts Could Be Happening Sooner Than Expected

Millions of retirees rely on Social Security as their primary source of income, even though benefits aren't very big. Sadly, current and future retirees counting on this money could be in for an unpleasant surprise within the next decade: Social Security benefit cuts could be coming. While the most recent report from Social Security's trustees indicates the trust fund will be out of money in 2035, necessitating a 24% cut to retirement benefits, there's a really good chance funding will fall short before then, and cuts will have to occur sooner.