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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.
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...
Elon Musk’s Social Security audit was an embarrassment. The real fraud is political.
Social Security’s watchdog did the math on the so-called fraud, and it’s a joke.
Another dire problem for Social Security: Trustees may be calculating the birth rate wrong
Don’t expect a baby boom to save Social Security.
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 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)
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 is looking at a $500-a-month cut. Could a new bipartisan commission make a difference?
A new legislative proposal would create a bipartisan commission to strengthen the finances of Social Security and Medicare at a time when the programs are under pressure.