Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier

Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032, sooner than last year's projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump's 2025 One Big Beautiful Bill Act (OBBBA).  When the trust fund runs...