Americans’ Social Security benefits will have to be cut by roughly a quarter in six years due to depleted funds, according to a June 9 report from the Social Security Board of Trustees. That’s months sooner than the group had estimated in 2025.

Americans’ Social Security benefits will have to be cut by roughly a quarter in six years due to depleted funds, according to a June 9 report from the Social Security Board of…

The 2026 Trustees Report projects Social Security's OASI fund runs dry by 2032, triggering automatic 22% benefit cuts unless Congress acts.