Social Security Insolvency Expected in 2032, Benefits Cut to 78%

Social Security faces insolvency in 2032, when it would pay only 78% of benefits

Social Security's trust fund is projected to become insolvent in 2032. Once insolvency occurs, the program would only be able to pay 78% of scheduled benefits to recipients. This means beneficiaries would face an automatic reduction in their payments unless Congress takes action before that date.