Social Security's retirement trust fund is facing insolvency by late 2032, potentially triggering a 24% benefit cut for 62 ...

Federal reports reveal Social Security and Medicare trust funds will run dry by 2033, threatening millions of retirees.

Once the trust fund runs out of money, it will trigger automatic, across-the-board cuts. In their 2025 annual report, Social Security trustees estimated that the program’s trust fund would ...