**Social Security Trust Fund Running Out by 2032**
The Social Security trust fund, which pays benefits to retirees and families, is projected to run out of money in 2032. Unless Congress makes changes by then, seniors will face automatic benefit cuts of up to 22%, potentially impacting their monthly payments significantly. Experts cite a declining birth rate, reduced immigration, and tax reforms as contributing factors to the growing funding shortfall. Congress has the power to adjust Social Security's finances through various options like raising taxes or reducing benefits.
Original Article Source Link:
https://www.npr.org/2026/06/09/nx-s1-5850279/social-security-funds-trustees-congress