Unless Congress does something to change it, the Social Security Administration (SSA) will reduce payments by as much as 20 percent by 2033. The talk about it has continued for a couple of years, but now it is predicted to take place one year sooner than projected earlier.
The depletion of money in the Social Security trust fund has continued for some time. Congress has not yet acted on the need to make changes, and, so far, there is no unity on a remedy for the problem.
