Social Security Is Running Out. Here Is Why Congress Has Known Since 1985 [No1xxqf6uib]
#socialsecurity #retirementcrisis You have been paying into Social Security your entire working life. The promise was simple — work hard, pay in, collect when you retire. Here is what nobody told you. The money was never waiting. It was spent. By Congress. Every single year. Since 1985 — every Social Security Trustees Report has warned that the system is heading toward a funding crisis. Congress has not acted in over 40 years. The last serious reform was 1983. The Congressional Budget Office now projects the trust fund will be depleted by 2032 — triggering an automatic cut of 23% to 28% for the 67 million Americans currently collecting benefits. For the average retiree receiving $2,071 per month — that is a cut of up to $580 every single month. 61% of recipients say missing even half a payment would leave them unable to survive financially. Trump's Big Beautiful Bill is projected to cost Social Security $168.6 billion in lost revenue over 10 years — accelerating the depletion date to 2032. The top 20% of earners receive 60% of the bill's tax benefits. The lowest income households receive an average of $150. #socialsecurity #retirementcrisis #america #finance #Money #Retirement #trump #retirementplanning #howmoneyworks #economics #americaneconomy #congress #Retirees #financialsystem #retirementsecurity #wallstreet