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Retired American couples will face Social Security cuts of up to $21,800 a year if Congress doesn't act, watchdog says — here's how to prepare for the worst-case scenario

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79% Informative

The Social Security Old-Age and Survivors Insurance ( OASI ) trust fund is projected to run dry by 2033 .

A public policy watchdog group says that if that happens, dual-income couples who retire that year could lose between $10,000 and $21,800 in benefits.

To prevent the coming Social Security crisis, Congress will need to take action.

If you prefer to stick closer to home, renting out a garage, parking space or spare room can also make a major difference to your bottom line. This article provides information only and should not be construed as advice. It is provided without warranty of any kind..

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