So the effort that I was involved in in 1983 paid off. We bought 50 years, but now what are we going to do? Just six years from now, Social Security will only be able to pay 78% of current benefits. What does that mean? I'll give you a rough illustration. The average Social Security check in the United states is around $2,500. If you reduce it by 22%, people will receive about $450 less each month. (02:18–02:25)
CLAIM
Asserts that Social Security benefits will be reduced to 78% in six years if no action is taken.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
