Social Security Fund Nears 2032 Depletion, Report Claims In Warning To Congress

Source: International Business Times

The trust fund that helps pay Social Security retirement and survivor benefits is now projected to run out of reserves in late 2032. The trust fund that helps pay Social Security retirement and survivor benefits is now projected to run out of reserves in late 2032, putting fresh pressure on Congress to address one of the country's most politically sensitive financial problems. The warning came in the 2026 annual report from the Social Security and Medicare trustees, who said the Old-Age and Survivors Insurance Trust Fund, known as OASI, is expected to be depleted in the fourth quarter of said year.