Social Security bosses send terrifying warning about exact date America will run out of cash
A new report warns that Social Security funds could be depleted by 2034—one year earlier than previously predicted. The Social Security Board of Trustees’ annual report attributes this accelerated timeline to rising costs from expanded benefits under the Social Security Fairness Act. Without intervention, the Old-Age and Survivors Insurance (OASI) trust fund may run dry by 2033, potentially forcing benefit cuts of 19-23% for millions of retirees and disabled Americans.
Social Security Commissioner Frank Bisignano urged Congress to take immediate action, emphasizing the need to protect the program’s 70 million beneficiaries. Advocacy groups like AARP echoed the call, stressing that millions rely on these funds for retirement and disability support. As economic concerns grow amid declining approval ratings for President Trump’s financial policies, pressure mounts on lawmakers to reform Social Security before it’s too late.
