Social Security faces insolvency a year earlier than forecast, paying only 78% of benefits
The trust funds backing Social Security face increased pressure, partly due to last year’s One Big Beautiful Bill Act.
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Social Security is on track to pay only 78% of benefits starting in 2032 if Congress doesn’t act
The trust funds backing Social Security face increased pressure, partly due to last year’s One Big Beautiful Bill Act.
Amcor: Weak Volumes Are Temporary, But Scale Benefits Could Last
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Social Security Benefits Could Be Cut in 6 Years Unless Congress Acts
The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on average by 22 percent.
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.