Why your Social Security check could shrink by nearly 20% — and more if jobs are scarce

Economic downturn would only make a bad situation worse

ETResizeListen(8 min)Social Security is facing a shortfall that will hit already-stretched retirees

Photo: Getty Images/iStockSocial Security is hugely important to a large of Americans

But Social Security will need some kind of reform within the next decade in order for America’s retirees to keep counting on it

Given its funding structure, if Social Security continues to roll forward in its current trajectory, the gram will be able to cover just 81% of mised benefits starting in 2034, according to the estimates of the Social Security Trust Fund report

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