You may have seen the recent news about about interest rate cuts , and if you’re taking Social Security , you might be wondering if this will affect your benefits.

If you are receiving Social Security, fear not.

Your benefits will not be directly impacted by events, such as interest rate cuts, because they are stable and do not change with the economy, according to Yahoo Finance.

Here’s why the Social Security payments themselves are not affected by interest rate cuts and what is affected instead.

Why are Social Security payments not affected by interest rate cuts?

Social Security payments are not affected by economic events, like interest rate cuts, because they are based on lifetime earnings that have already been accumulated.

Regardless of how much you have in savings or inv

See Full Page