Social Security trustees warn trust fund will be depleted in 2032
The Social Security Board of Trustees projects the Social Security retirement trust fund will be exhausted in late 2032. The trustees say the shortfall accelerated because of lower immigration and tax changes enacted during the Trump administration, which together reduced program revenue. If Congress does not raise revenue or cut benefits, automatic benefit reductions would begin when reserves run out, putting tens of millions of retirees and other beneficiaries at risk of smaller monthly checks in 2033. The Social Security Administration says staffing and wait times for beneficiaries are improving even as the program faces this funding stress.
All we have to do is LIFT THE FREAKING CAP! Of all the problems facing the US, fixing Social Security is the easiest. They just won't do it because rich people would have to pay a little more. There's ways to make it fair. How about for all income over $200K we pay 2% instead of nothing?
Madz7This has been The Talk for decades. This time, it’s looking more accurate. If I was young, I would be zeroed in on the next two elections. If we stay MAGAt controlled, I would get the fuck out of this shit hole. There isn’t going to be much for regular people. Just the wealthy.
George Moser4There are a number of ways to fix Social Security. What people don't talk about is that it isn't just high earners who don't want to pay more - It's the businesses that pay half of the payroll tax. The business are the ones that have the politicians ears. For a lot of corporations it's lots of $$.
Veronica 🇺🇸 🇮🇹 🇺🇦 🇳🇴 🇲🇽 🇩🇪 🇨🇦 🍁4When policy choices accelerate depletion of Medicare’s trust fund, the impact isn’t abstract, it’s fewer guarantees for seniors who paid into the system for decades. Fiscal decisions carry human consequences, and weakening core programs shifts risk onto those least able to bear it.
KnightHawk3Yes! I been trying to tell people this for years!
Joe Otruba2There should be NO CAP. Having one is a gift to the higher earners who really don't need that money to survive. All of that over the cap income goes into a bank account and is barely, if at all, noticed by the higher earners. But it's the corporations that are really behind this.
slynnw.bsky.social2It won’t hurt the filthy rich one tiny bit, other than having to contribute to the society that created them. (Throws self on expensive marble flooring.) Oh the horror, the sheer unadulterated agony of having to pay just like everyone else. It’s a tragedy. I’ll only have billions & billions left
𝗔𝗻𝘁𝗶𝗴𝗼𝗻𝗲 | 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝘆𝗿𝗮𝗻𝘁𝘀 & 𝘁𝗵𝗲𝗶𝗿 𝗲𝗻𝗮𝗯𝗹𝗲𝗿𝘀. 𝗙𝘂𝗹𝗹 𝘀𝘁𝗼𝗽.2Yeah, my 62½ start date is in almost next year. So basically I paid in for almost 40 years, and might get five back. Oh, and women in my mothers family live to be over 100yo. For a couple generations.
Veronica 🇺🇸 🇮🇹 🇺🇦 🇳🇴 🇲🇽 🇩🇪 🇨🇦 🍁2Trump's Social Security Double Whammy Can Expedite Its Insolvency Trump's policies and actions threaten to shorten the timeline to sweeping Social Security benefit cuts. www.fool.com/retirement/2...
Rob Mace2If the cap goes to a million dollars, the fund is solvent in nail 2078
This is why we fight2I'm GenX. My husband and I both started paying into social security as teenagers. We have zero confidence it will be there for us. If it is, we'll count it as an unexpected surprise.
The wrong Alice2Agreed! Simple fix. Push for it. Cant help mention that a fix wouldn't be necessary if congress hadnt stolen (borrowed and never repaid) money from the Social security fund to cover the cost of wars and corporate tax breaks -
Unless Republicans in Congress make changes, seniors will see an automatic cut in their monthly benefits of 22%, according to a report released Tuesday by Social Security Trustees. #TrumpMakesUsSick #Pinks #MomSky #ProudBlue www.npr.org/2026/06/09/n...
jaspertruth.bsky.social8Raise the cap which is now $184,500.
David Lewis8Trump is directly aiding this. How? By deporting thousands of immigrants who pay into the SS trust fund (a substantial portion of whom are here legally or have violated no law except being found here). I bet a lot of seniors don't get that.
crapstorm.bsky.social7tRump trustees? Tell Bush and Cheney to pay back what they stole for phony Iraq war
fharriman.bsky.social7How many established gov't jobs did Trump cut???? All those contributions ...gone,
Kimby6I retired in 2023 and knew this was coming. I made a plan but fight for our reps to increase the taxable income level. This won't happen under the current regime so people better vote Dem if they don't want a decrease to their SS. Make it personal.
Crazy Italian Lady6Put income eligibility caps on it so the super rich can’t receive benefits, and tax super rich. Call the NYC mayor. He can fix it!
BREAKING: The Social Security trust fund is on track to run out of money in late 2032, its trustees said. It's three months sooner than projected last year.
misha95.bsky.social18get rid of the cap and make rich people pay their taxes like everyone else - why is this so hard?
CarRamrod41215Lift the cap, problem solved.
Edward Banatt5Scrap the cap. It's not rocket science.
James Jones3Easy fix: 1) raise the FICA income ceiling, and 2) add FICA to capital gains with a $250,000 deductible.
Breathe Free3Many ways to fix it, but it would mean people care about other people.
The Resistance CO2Fuck yeah! Guess I got taxed for nothing. Thanks for everything boomers! Pulling the ladder up behind you is such a boomer thing to do!
😳2I thought they eliminated billions in fraud though. All those millions of payments going to dead people.
therobduff.bsky.social2Maybe billionaires start paying their way like the rest of us.
