12 Hrs
Source:
MARCA
2032 Social Security Cuts
The 2026 Social Security Trustees Report projects the retirement and survivor benefits trust fund will run out of reserves in late 2032, leaving revenue to cover about 78% of scheduled payments and potentially triggering a 22% cut. The Congressional Budget Office forecasts depletion by mid-2032 and reductions of about 26%; a separate estimate says a 24% cut could mean roughly $500 less per month on average. Social Security would continue collecting payroll taxes and paying benefits, but demographic changes—including longer lifespans, more retirees and slower growth in the workforce—are straining its finances.
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