
Retirement•
Social Security Trust Fund Faces Depletion by 2035
The Social Security Administration's 2024 report projects the program's trust funds will be depleted by 2035, potentially causing a 17% cut in benefits.
Eleanor Vance is a public policy analyst for Wealtoro, specializing in U.S. social insurance programs, including Social Security and Medicare. She reports on legislative changes and economic factors that affect retirement security for millions of Americans.
The Social Security Administration's 2024 report projects the program's trust funds will be depleted by 2035, potentially causing a 17% cut in benefits.
Social Security beneficiaries face a unique payment schedule in October 2025, with SSI recipients getting two payments. The SSA will also announce the 2026 COLA.