Social Security Benefits

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

The trust funds that Social Security relies on to help pay benefits are running low. Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits would need to be reduced by 24%. The annual Social Security trustees report, which gauges these timelines, is expected to be released this month.

I’m 65, widowed and collecting Social Security survivor benefits. Should I claim my own benefits now?

“I am concerned that benefits could be reduced or even discontinued if Social Security runs out of money in the coming years.”

Social Security Benefits Could Be Cut in 6 Years Unless Congress Acts

To avoid a benefit reduction, lawmakers would need to raise taxes or reduce checks.

Social Security Benefits Could Be Cut in 6 Years Unless Congress Acts

To avoid a benefit reduction, lawmakers would need to raise taxes or reduce checks.

My late husband had a higher Social Security benefit. We both claimed at 62. Can I get more on his record?

Early benefit claiming can affect your ultimate payment amount, though not always for survivors.

Social Security faces insolvency in 2032, when it would pay only 78% of benefits

Social Security, which provides benefits to more than 70 million retired workers and people with disabilities, faces increased pressure from last year’s One Big Beautiful Bill Act.

Social Security retirement trust fund may be depleted in 2032, new trustees report finds

The trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be payable, according to the Social Security Administration's annual trustees report released on Tuesday. That projected depletion date is one year sooner than had been estimated last spring. The new projected depletion date follows the enactment of President Donald Trump's "big beautiful" tax law, which Social Security's chief actuary said in an August letter...

My friend, 62, earns $20,000 a year. Should she take Social Security now — and claim survivor’s benefit at 67?

Social Security funds could run short by 2032, program's Trustees warn

A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.(Image credit: Kevin Dietsch)

Social Security funds could run short by 2032, program's Trustees warn

A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.(Image credit: Kevin Dietsch)