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Retirees face $5,500 average cut to annual Social Security benefits in 2032

(The Center Square) – Over 60 million Americans could see their monthly Social Security checks slashed by $500 on average starting in 2032, according to a new report analyzing the impacts of the retirement trust fund’s insolvency.

By Thérèse Boudreaux | The Center Square, Reporting from The Center Square
Published Jun 3, 2026, 11:45 AM ET

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Retirees face $5,500 average cut to annual Social Security benefits in 2032
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