Social Security insolvency: This map shows how bad the benefits crisis will be in your state by 2032

Americans could see their payments drop by $500 a month, with the agency’s money predicted to run out in just 7 years. Already cash-strapped older Americans could see their monthly Social Security benefits drop by an average of $500, or 24%, in 2032, according to a new report from the Committee for a Responsible Federal Budget (CRFB).