India, May 3 -- There are multiple slabs of Social Security benefit amounts for US citizens, but there is one new policy option among a few introduced by the Congressional Budget Office recently. Aimed to help save the program's finances over time, this option includes handing out a flat social security amount to every retiree.

However, the CBO has said that this measure would cut down benefits for about three-quarters of future beneficiaries, with just one quarter getting some advantage out of this.

The amount that the Congressional Budget Office is proposing is $1,660 per retiree, and $2,250 for a couple. According to the latest stats, the average Social Security benefit for all retirees and survivors is about $1,900 a month.

There a...