Social Security benefits could be cut 22% in 2032 and one fix would mean a 40% payroll tax hike for millennials and Gen Z

Retirees are getting a 3.6% raise in 2027, but the program’s main trust fund is set to run dry in less than seven years.

Social Security cost-of-living increase sparks debate over looming funding shortfall

Social Security's 3.6% COLA will raise retirement benefits in 2027, but a projected 2032 trust fund shortfall could trigger ...

Advocates say projected 3.6% Social Security increase may not be enough to offset

The Social Security Administration faces a looming funding shortfall, with advocates warning benefits could be reduced if ...
Hindustan Times

Social Security tax increase could cost workers $3,000 a year: What other options could prevent 22% benefit cuts?

Social Security's trust fund is projected to run out of money in the last three months of 2032. Once the trust fund is depleted, the program would still collect payroll taxes from workers, but there ...
24/7 Wall St

A Painful Payroll Tax Increase Could Be Coming to Save Social Security: What Working Americans Need to Know

Social Security's trust fund will run dry by 2032, triggering automatic 22% benefit cuts unless Congress passes reforms beforehand. Congress is weighing several fixes, including raising the 12.4% ...

If You Collect $2,000 a Month in Social Security, Here’s How Much Your Benefit Might Increase in 2027

Your monthly checks could be in line for a nice boost, but it may be too soon to start counting your money.
ConsumerAffairs

What would a cut in Social Security benefits in 2032 look like?

A new Fidelity Investments analysis warns that Social Security's retirement trust fund could face a shortfall in 2032, ...

When will Social Security run out of money? What to expect.

Recent projections are leaving many Americans wondering if Social Security will run out of money. Learn the facts from the ...