Social Security faces 22% projected benefit cuts by 2032
Retirement and survivor benefits could be cut 22% after the Social Security retirement trust fund is projected to run out in late 2032.
Retirement and survivor benefits from Social Security are facing a projected cut of 22%. This reduction is anticipated to occur after the Social Security retirement trust fund is projected to be depleted. The estimated timeline for this depletion is the late part of 2032.
- Social Security retirement trust fund projected to run out in late 2032.
- Potential for a 22% cut in retirement and survivor benefits.
- The cuts would take effect after the trust fund is depleted.
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