Social Security Trust Funds Could Run Out by 2032, Trustees Warn

Social Security funds could run short by 2032, program's Trustees warn

Social Security's trust funds could be depleted by 2032, according to a warning from the program's Trustees, meaning the program would only be able to pay out benefits from incoming revenue at that point. Without Congressional action to address the shortfall, beneficiaries could face reduced benefit payments after the trust funds are exhausted. The Trustees' projection highlights the urgency for policymakers to find solutions to ensure the long-term solvency of the Social Security system.