A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.

Mary Roeloffs is a Forbes breaking news reporter covering pop culture. The Social Security Administration's annual trustees report predicts the Old-Age and Survivors Insurance (OASI) Trust Fund will ...

Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don’t act to shore up the program’s finances, according to an annual report ...

Key Takeaways Social Security’s trust fund is projected to run short of money in about six years, prompting lawmakers to ...

Every year, the panel overseeing the trust fund for Social Security and Medicare publishes its annual financial report. And every year, its members make clear that the programs’ reserves will be ...

Trump pledged not to cut Social Security, but the 2026 trustees report shows retirement benefits face a 22% shortfall by late ...

The latest Trustees Report outlines a base case in which Social Security's Old Age and Survivors Insurance Trust will run dry before the end of 2032. That's a few months earlier than last year's ...

But there’s still ample cause for skepticism that Congress will successfully tackle the looming shortfall in Social Security funds, now predicted to hit in the fourth quarter of 2032. That’s only one ...

Workers in their 50s and 60s may be facing a serious retirement challenge in the near future. Social Security is currently paying out more in benefits than it receives in tax revenue and interest ...