Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don’t act to shore up the program’s finances, according to an annual report released by Social Security’s trustees. Social Security’s retirement trust fund — which helps support payments to senior citizens, their dependents and survivors of deceased workers — is expected to be exhausted in late 2032, which is one quarter earlier than previously forecast, according to the trustees. At that time, payroll tax revenue and other income sources will be able to cover only 78% of benefits owed.
Read the full article: Social Security Retirement Trust Fund Will Run Dry in 2032 Unless Congress Acts //
Source: https://www.cnn.com/2026/06/09/politics/social-security-trust-fund-runs-out-2032