Millions of Californians Could Be Impacted by Looming Social Security Cuts

Californians stand to miss out on about $193 million per year in benefits.

“Lawmakers need to take prompt action to strengthen the ... trust fund,” said letters sent last year to Congress by the Social Security trustees and signed by Treasury Secretary Janet Yellen. Above, Yellen speaks at IRS headquarters in Washington on Nov. 7, 2023. Stefani Reynolds/AFP via Getty Images

Based on the number of individuals receiving Social Security benefits in 2023, more than 6.25 million Californians and about 67 million Americans will be impacted by impending cuts to Social Security benefits, according to the board of trustees that oversees the program.

Barring a prompt solution, Californians stand to miss out on about $193 million per year in benefits—based on the approximately $840 million paid to beneficiaries across the state in 2022.