Social Security retirement trust fund may be depleted in 2032, new trustees report finds

[mahatmakanejeeves]

Source: CNBC

Personal Finance
Social Security retirement trust fund may be depleted in 2032, new trustees report finds

Published Tue, Jun 9 2026 11:34 AM EDT
Updated 29 Min Ago
Lorie Konish

KEY POINTS
* The Social Security Administration released a new report on Tuesday with new projections as to when the trust funds it relies on to help pay benefits may be depleted.
* The OASI trust fund — formally known as Old Age and Survivors Insurance, or OASI — will run out in 2032, at which point 78% of benefits will be payable, according to the latest projections.
* While Social Security has never missed a payment, the looming shortfall may prompt benefit cuts unless Congress takes action.


A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025.
Tom Williams | Cq-roll Call, Inc. | Getty Images
A Social Security trust fund used to pay retirement benefits may run out in late 2032, three months earlier than what had been projected last June, according to the new Social Security Administration annual trustees report released on Tuesday.

Social Security uses incoming revenue from payroll taxes to pay benefits. When benefit payments exceed payroll tax income, the program relies on the trust funds to help make up the shortfall.

{snip}

Read more: https://www.cnbc.com/amp/2026/06/09/social-security-trustees-report-depletion-dates.html

[FalloutShelter]

1. Call your congresscritters...

CUT THE CRAP
RAISE THE CAP.

Easy... this could be a one page bill.

[questionseverything]

3. Unless democrats retake Congress we have no chance

Repubs say ss going broke shows we should all be investing our own money

[FalloutShelter]

4. Call 'em anyway and

let them knowit is on your radar.

[pat_k]

8. Always. Pester the hell out of them!

And while you are at it, STAND UP FOR SCIENCE!

On May 29, the Office of Management and Budget posted a sweeping regulatory change that will end American science as we know it. This is not hyperbole! Learn more and take action!

Learn how to write public comments

Submit YOUR public comment

Contact your Members of Congress

Learn how to talk about this new proposed rule and why it matters

https://fight2win.standupforscience.net

[FalloutShelter]

9. That's great!

Thanks for posting the link.

[yellow dahlia]

10. Thanks for posting.

[Bayard]

11. Agreed

I'm sick of hearing about SS going bankrupt when there are plenty of millionaires/billionaires collecting it. I bet trump does!

This also sounds like another ploy to privatize it, or change it in some idiotic way.

[SamuelAdams]

2. What would the date be if Congress lifts the cap on Social Security contributions?

[pat_k]

6. Unless we manage to impeach and remove the felon AND co-conspirator Vance in 2027...

...such changes would get a veto 'til they are voted out.

Who knows? After a rout in the midterms, escalating chaos and harms of the war the felon and Vance are incapable of escaping from, and more devasting consequences of the criminal impoundments and decimation of executive agencies, we could actually see enough Republicans get a clue and decide put and end to the insanity.

Then Jeffries (or whoever wins the speakership) is sworn in and begins the monumental task of building back better.

[Fiendish Thingy]

14. Infinity

Unless, of course, they raised maximum benefits too.

[pat_k]

5. Oh, that's nice, two years after I start collecting at age 70.

I'm looking forward to walking dogs 'til I can't walk anymore.

[mdbl]

7. Last year the date was 2033

It will probably get worse if Congress doesn't act. Where are all the GOP morons at The Villages?! They should be harassing their worthless reps in Washington about this day and night.

[dave99]

12. REPUBLICANS have been blocking for DECADES of self rule of Social Security funds to advance non-rich people or the term

WORKERS !

Imagine the world of easy transition from Work to Retirement ... Republican Nightmare -- not a good person in the political realm.

[LudwigPastorius]

13. The GOP's "fix" will be, of course, to cut benefits.

Fuck that.

How about cutting Trump's war and his continued theft of taxpayer dollars?

[Luciferous]

15. As a millenial, I don't expect to ever get

social security payments.

[bmichaelh]

16. Increase maximum limit of Social Security

One Possible solution

Democratic Congress; Democratic Senate; Democratic President.

Increase maximum limit of Social Security wage deductions.

I do not look at GOP or Trump doing this.

[chouchou]

17. What our Government owes Social Security. Most important info

The federal government currently owes the combined Social Security Trust Funds (the Old-Age, Survivors, and Disability Insurance programs) roughly $2.7 trillion. This obligation is held in the form of special-issue, interest-bearing Treasury securities backed by the full faith and credit of the United States.Because Social Security collected more in payroll taxes than it paid out during the surplus years of the 1980s through 2010s, that excess cash was invested into the general fund of the U.S. Treasury and replaced with these Treasury bonds.Since the program's expenditures recently began exceeding its incoming revenue, Social Security has been redeeming these bonds to cover the shortfall. By law, the Treasury is required to pay back the principal and interest to the Social Security Administration as the funds are needed to pay out""