Social Security Benefit Cuts Coming by 2035

In Analysis by Michael Rae

Good news! Instead of going broke in 2033, Social Security’s Old Age and Survivors’ Insurance (OASI) trust fund will run out of money in 2034. If the program’s Disability Insurance (DI) trust fund is diverted to pay retirement benefits, it will last until 2035!
That’s the latest projection from Social Security’s trustees, who released their 2022 annual report last week. If you’re on track to be collecting Social Security benefits in 2034 or after, here’s what that will most likely mean:
Under the intermediate assumptions, the projected hypothetical combined OASI and DI Trust Fund asset reserves become depleted and unable to pay

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