Social Security Trust Funds Face 23 Percent Benefit Cut by 2033
Social Security beneficiaries may see their total scheduled benefits drop to 77 percent after 2033. This shortfall occurs because the program's cost has exceeded its non-interest income since 2010, which has steadily depleted the Social Security trust funds. According to the 2025 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, the Social Security Administration will be able to pay 100 percent of total scheduled benefits only until 2033.
More Briefs
New York Auto Insurance Costs Now $1,500 Above National Average
Apr 13Blockchain recordkeeping for U.S. securities collateral tests SEC’s tolerance for hybrid finance
Apr 13SEC Shifts Focus to Fraud Over Regulatory Compliances
Apr 13Higher gas prices are pulling down consumer spending — and GDP growth forecasts