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Half of Social Security Recipients Fear 25% Cut

8/26/2026

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Retirees Face Cuts
  • A Nationwide Retirement Institute poll released August 25, 2026 found half of Social Security recipients said they could not survive a 25% benefit cut.
  • The coverage highlights bipartisan proposals—the PROMISE Act and a commission bill—to establish an advisory-board process for long-term solvency.
  • The 2026 Trustees Report says the trust fund will run out in Q4 2032.
  • The Committee estimates a retiring dual-income couple would lose about $16,900 per year from 2033.
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