Here's How Big Social Security Cuts Could Be Without Reforms

What You Need To Know

• The Social Security program faces a long-term funding shortfall that could result in big benefit cuts for the typical retiree.
• A new report pins the average cut for a married couple at some $16,500.
• While retirees will experience a 21% across-the-board cut to their benefits in 2033 if Congress doesn't act, this percentage will grow over time.