Social Security Trust Fund To Go Bankrupt In 2033

Around 57 million Americans received Social Security benefits through the OASI Trust Fund in 2022

  • Reserves for Social Security’s largest trust fund are expected run out as soon as 2033, according to a report by the board of trustees of the program’s accounts.
  • The estimate is one year earlier than previously projected for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to retirees.
  • If the reserves run out, projected income for the account would only cover 77 percent of scheduled benefits, the report determined.
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