Retiring Couples Could Face $17K Annual Loss in Social Security by 2033

WHO:

NY Post - Newly retired couples in the United States

Newsweek - Committee for a Responsible Federal Budget

WHAT:

NY Post - Newly retired couples could face a loss of $17,000 annually in Social Security benefits.

Newsweek - An analysis estimates the potential cuts retirees may experience.

WHERE:

NY Post - United States

WHEN:

NY Post - The potential loss in Social Security benefits is projected to occur by 2033.

WHY:

NY Post - Social Security is increasingly paying out more than it collects, necessitating the trust fund to draw from its reserves.

HOW:

NY Post - OASI (Old-Age and Survivors Insurance) is primarily funded through payroll taxes.

(UPDATED July 17, 2026 15:27 UTC)

Newly retired couples in the United States could face a significant loss of $17,000 annually in Social Security benefits, according to a report from the New York Post. An analysis by the Committee for a Responsible Federal Budget indicates that these potential cuts may occur by 2033, as Social Security is increasingly paying out more than it collects, forcing the trust fund to draw from its reserves. The Old-Age and Survivors Insurance program, which provides these benefits, is primarily funded through payroll taxes.