Social Security Benefit Cuts Have a Less Obvious but Very Scary Consequence
It's even more bad news for seniors.
Overview
The Social Security Trustees have been sounding warnings for years about the program's rocky finances. And their 2026 update was not exactly a positive one.
In June, the Trustees reported that Social Security's Old-Age and Survivors Insurance (OASI) Trust Fund is expected to be depleted in late 2032. Social Security can still pay benefits once the OASI Trust Fund is empty, since the program is mostly funded by payroll taxes. But at that point, the program will be able to keep up with only 78% of scheduled benefits.
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Details
Source
Originally published at www.fool.com.
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