Policy Changes & Legislation
Social Security’s main trust fund now runs dry in 2032 — a year earlier than last forecast, triggering an automatic 24% benefit cut unless Congress acts before then
Tens of millions of Americans who depend on Social Security retirement checks face a tighter deadline for congressional action. The Congressional Budget Office now projects the program’s main trust fund will run out of reserves in 2032, one year sooner than its previous estimate. If lawmakers fail to act before
