Your future Social Security benefit increases could be affected by which candidate wins the upcoming presidential election.

The Social Security Administration made an important announcement on Oct. 10 that will affect every retiree receiving benefits.

Without Congressional and Presidential action to raise revenues, benefits would be immediately reduced by 23 percent Under Trump's plan benefits will fall by 33 percent.

Social Security is under threat regardless of who wins the election, but an analysis says Trump's agenda would drain the fund more quickly than Harris' plan.

Trump's plan is bold and strikes a chord with cash-strapped retirees, but there's a side he's not telling you about.

In an analysis published Monday, the fiscal watchdog weighed the impact several Trump proposals — including his plan to end taxation of Social Security benefits