India, Jan. 27 -- Millions of retirees throughout the US may soon encounter a considerable decrease in their monthly Social Security payments. According to experts' projections, recipients could face potential cuts of up to $460 per month if Congress does not take action.

This possible reduction arises from the enduring funding disparity within the Social Security Trust Fund, which has been approaching depletion for several years due to demographic changes, increasing life expectancy, and an aging population that is now receiving benefits at a faster rate than payroll taxes can replenish the system.

Experts predict that once the Social Security trust fund reserves get depleted, benefits will only be disbursed from incoming payroll tax r...