Social Security crisis: Beneficiaries face 21% benefit cut without reforms, says CFRB

A new report finds that Social Security recipients face a 21% cut when a crucial trust fund that's on pace to be depleted in 2033 runs dry and that neither of the leading contenders in this year's presidential election has articulated a plan to stabilize the program.The nonpartisan Committee for a Responsible Federal Budget (CRFB) noted in its report that Social Security is currently paying more in benefits than it receives in payroll taxes, which is depleting the reserves in the Old-Age and Sur