The new date exposes a hard political math: debt above 100% of GDP, 2.4 million fewer immigrants and a tax bill that already trimmed program revenue.

The Social Security Administration told Congress on Tuesday that the trust fund to pay retirement benefits could run out in late 2032.

The 2026 Social Security Trustees Report projects the OASI Trust Fund will deplete by late 2032, reducing benefits to 78% and raising retirement planning