On The Money – June 4, 2026
INDIANAPOLIS (WISH) — Here’s a look at Thursday’s business headlines with Jane King, who has the latest on Social Security insecurity, a drop in home values, and the company now on top of the Fortune 500.
Americans face social insecurity
The trust fund that Social Security relies on to help pay retirement benefits may be depleted in 2032, according to current projections.
At that time, retirement beneficiaries would see a 24% benefit cut, which would prompt a $500 average monthly benefit cut, according to a new report from the Committee for a Responsible Federal Budget.
In some states, the benefit cuts would amount to more. The new research says the average cut in Indiana’s Social Security monthly payments totals $515.
Home values take biggest drop in a decade
Home values just posted their biggest drop in nearly a decade…