The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
The future of Social Security is under increasing pressure, with new projections indicating that the program’s Old-Age and Survivors Insurance (OASI) trust fund could be depleted as early as 2032.
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Social Security retirement trust fund may be depleted in less than a decade, new trustees' report finds
The trust fund Social Security relies on to help pay retirement benefits may be depleted in 2033, at which point 77% of those benefits would be payable. The program's combined trust funds, which also ...
A critical trust fund that helps finance Social Security benefits is on track to reach insolvency in 2032, when automatic benefit cuts would occur without action from Congress, a new report finds. The ...
A Social Security card is displayed in Tigard, Ore., on Oct. 12, 2021. Reporter Social Security and Medicare are expected to need to cut monthly benefits in less than a decade as the trust funds for ...
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