A report from the Social Security Board of Trustees, published on June 9, indicates that Americans' Social Security benefits could be reduced by approximately 25% in 2032 due to depleted funds. This timeline is earlier than the previous estimate of 2025.
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Social Security benefits may be reduced by 25% in 2032, report states
The Social Security Board of Trustees has reported that Social Security benefits may face a reduction of about 25% by 2032 due to funding issues. This projection is earlier than previously anticipated.
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Your Social Security benefits could be cut by a quarter in 2032. Here's what to know
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Social Security benefits may be reduced by 25% in 2032, report states