Why your Social Security payment could get slashed
Yahoo Finance·2025-07-04 16:01
Every year, the Social Security Administration issues nearly $1.5% trillion in benefits to 73 million recipients across the nation. And for 2 million of them, those payments could be cut in half as soon as this month. For more, Yahoo Finance senior columnist Carrie Hannon joins me now.So, Carrie, why is the government cutting these benefits. Yeah, Brad, this is uh something that's been in the works for a while, and it's actually been going on. It's the amount that um Social Security overpaid people uh in th ...