If Congress and the White House fail to take action, Social Security beneficiaries would see a sudden 23% cut in their monthly checks in 2034.
Articles on Social Security trust fund
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Americans are increasingly struggling to save enough for retirement. If Social Security isn’t saved, growing old in poverty will likely become more common.
Social Security will have to dip into its trust fund to pay benefits this year for the first time since 1982. Should we be worried?
Top contributors
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Professor of Public Policy and Public Affairs, UMass Boston
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James H. Gapinski Professor of Economics Emeritus, Florida State University
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Executive Associate Director of the Private Enterprise Research Center, Texas A&M University
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Professor of Economics and Director of the Private Enterprise Research Center, Texas A&M University