Social Security trust fund faces depletion by 2032

Jun 10, 2026, 5:30 PM50

(Update: Jun 13, 2026, 7:11 PM)

United States Congress

bicameral legislature of the United States

Social Security Administration

independent agency of the U.S. federal government

Centers for Medicare and Medicaid Services

United States federal agency

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Social Security trust fund faces depletion by 2032

The Social Security Old-Age and Survivors Insurance Trust Fund is projected to be depleted by late 2032.
If Congress does not act, benefits could be cut by 22% across the board.
Policymakers must address the looming crisis to prevent significant reductions in benefits for millions of Americans.

United States Congress

bicameral legislature of the United States

Social Security Administration

independent agency of the U.S. federal government

Centers for Medicare and Medicaid Services

United States federal agency

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