Doing nothing about Social Security would result in a benefit reduction across all income levels

Projected Benefit Cut for a Dual-Income Couple Retiring in 2033 (In 2024 $)

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Source: Committee for a Responsible Federal BudgetEmbed Download image

Notes: Figures represent benefit reduction in one year. Income groups are based on the Actuary’s “scaled low,” “scaled medium,” and “scaled high” beneficiaries in 2022 dollars, the latest year SSA indexed wages.