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The repeal is expected to lead to substantial increases in Social Security payouts—projected to add approximately $196 billion over the next decade. For individuals impacted, monthly benefits may rise significantly, with estimates suggesting an average increase from $360 up to $1,190, depending on individual circumstances.
However, while this marks a significant win for many retirees, experts have raised concerns about the long-term solvency of the Social Security program. Projections indicate that, without reform, the program faces a potential shortfall by 2035, which would affect everyone’s benefits. The repeal may accelerate the timeline for the expected shortfall, potentially compressing it to as early as 2033.