Social Security Trust Fund Depletion: 2032 Dates & Cuts
Social Security Trust Fund Depletion: What the 2032 Date Means for Your Benefits The Old-Age and Survivors Insurance (OASI) trust fund is projected to become depleted in the fourth quarter of 2032. At that point, incoming payroll tax revenue would cover only about 78% of scheduled retirement benefits, an automatic 22% cut unless Congress acts. If the OASI and Disability Insurance … Read more