Economics ❯ Public Policy ❯ Social Security

Funding Issues

Insolvency Concerns Benefit Cuts Economic Projections Future Projections CBO Research Benefit Reductions

Social Security Trust Fund Projected to Run Out in Fourth Quarter of 2032

If lawmakers do not act, payroll-tax receipts would cover about 78% of scheduled retirement benefits, forcing roughly a 22% automatic cut.

Social Security Timing Weighs Bigger Checks at 70 Against Real-World Tradeoffs

Social Security Trust Funds to Be Exhausted by 2033, Triggering Major Benefit Cuts