Social Security funds could run short by 2032, program's Trustees warn

A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.

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Social Security funds could run short by 2032, program's Trustees warn

Source: NPR News

Social Security is expected to run short of cash in less than seven years. Lawmakers need to adjust benefits or taxes before that to avoid an automatic cut in monthly benefits.

A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.

(Image credit: Kevin Dietsch)

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Social Security funds could run short by 2032, program's Trustees warn

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