Plans to reduce staffing at the Social Security Administration by 7,000 could potentially lead to payment delays, raising concerns among beneficiaries. Research by the Urban Institute indicates that 11 percent of current beneficiaries lack sufficient savings to survive a one-month delay. This figure increases to 13 percent if checks are delayed by two months and 14 percent for a three-month delay. Historically, the SSA has never missed a benefit payment, highlighting the potentially unprecedented threat these delays pose to millions.
"A potential delay in Social Security checks could severely impact millions of beneficiaries, revealing that 11 percent lack savings to cover even a monthâs delay."
"If checks are delayed for two months, that number rises to 13 percent of beneficiaries, exposing a significant financial vulnerability among retirees."
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