Social Security Is Breaking and Congress Doesn’t Have a Plan

Social Security faces automatic 22% benefit cuts by 2032, but neither party has proposed a concrete bipartisan fix.

• 2032 deadline looms: Social Security's trust fund surplus, built during baby boomer working years, is projected to run out in 2032, triggering automatic across-the-board benefit cuts.
• 22% cut at stake: If Congress does nothing, nearly 70 million beneficiaries would face a roughly 22% reduction in payments once the fund is depleted.

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