Social Security faces projected 22% benefit cuts in 2032Congress must make higher earners help protect Social SecurityWashington’s delay puts Social Security benefits at risk
On November 8, 2026, projections show Social Security’s retirement trust fund could run out of reserves in late 2032, leaving payroll taxes to cover 78% of scheduled benefits unless Congress acts.On November 8, 2026, projections showed Social Security’s retirement fund could run short in 2032, setting up a 22% benefit cut unless lawmakers act.On November 8, 2026, projections showed Social Security’s retirement fund could run short in 2032, risking a 22% cut unless Congress reforms the program.