Report: Social Security retirement trust fund to deplete by 2032

Mihaela Chircă

June 9 (UPI) -- The Social Security Administration told Congress on Tuesday that the trust fund to pay retirement benefits could run out in late 2032, which is three months earlier than it was projected to in its last report in June 2025. The money that funds payments comes from payroll taxes, but when more money is paid out than is brought in, the trust fund makes up the difference. The administration released its annual trustees report Tuesday. The report said that if the fund gets depleted,

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