""Making it more difficult for seniors to get their checks. It's a back door way to cut SS benefits. Horrific." Cuban urged anyone seeing his message to help their loved ones apply for Social Security online to get their benefits approved. But the reality is that not all seniors are tech-savvy, and not everyone has access to someone who can help them navigate the maze of filing for benefits."
"Millions of older Americans rely on those monthly benefits to stay afloat financially. And millions of current workers will one day rely on those benefits to cover their retirement expenses. But Social Security is facing some serious financial problems. And at this point, a lot of people are worried that the program will have no choice but to cut benefits."
Millions of older Americans rely on monthly Social Security benefits, and many current workers expect those benefits in retirement. Social Security faces serious financial strain, with the OASI Trust Fund projected to sustain scheduled benefits only through 2033 without legislative changes, potentially forcing a roughly 23% reduction. Service reductions such as the removal of phone support for beneficiaries can act as backdoor benefit cuts by making access and applications harder for seniors, especially those lacking digital skills or help. Public concern centers on both reduced benefit amounts and diminished access to obtain entitlements.
Read at 24/7 Wall St.
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