Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe Social Security program is projected to become insolvent by the end of 2032, accelerating from last year's estimate of 2033. This insolvency would result in an automatic 22 percent reduction in monthly checks for beneficiaries if Congress does not intervene. The revised timeline is partly attributed to the fiscal impact of the One Big Beautiful Bill Act on benefit taxation. The shortfall stems from long-term demographic shifts, including an aging U.S. population and a declining ratio of active workers contributing. Policy experts emphasize that insolvency does not mean the program will stop paying benefits, but rather that payments will continue at a reduced rate. In fullSocial Security benefits could soon be cut by 22% with insolvency on the horizonThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Social Security benefits at risk as program nears insolvency
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe Social Security program is projected to become insolvent by the end of 2032, accelerating from last year's estimate of 2033. This insolvency would result in an automatic 22 percent reduction in monthly checks for beneficiaries if Congress does not intervene. The revised timeline is partly attributed to the fiscal impact of the One Big Beautiful Bill Act on benefit taxation. The shortfall stems from long-term demographic shifts, including an aging U.S. population and a declining ratio of active workers contributing. Policy experts emphasize that insolvency does not mean the program will stop paying benefits, but rather that payments will continue at a reduced rate. In fullSocial Security benefits could soon be cut by 22% with insolvency on the horizonThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
