Today, Social Security’s trust fund for retirement benefits is projected to be depleted by 2033, leaving lawmakers up against the clock on possible solutions for saving the program. A Gallup ...

Under current law, when that trust fund is empty, Social Security can pay benefits only from dedicated tax revenues, which would, by that point, cover only about 79% of promised benefits.

When such a shortfall happens, Social Security turns to its trust funds — money that is set aside to help pay for benefits and other administrative costs. But the trust fund Social Security ...

That’s the year that Americans born in 1966 will turn 67. Benefits would be cut if Social Security fund is depleted Once the fund is depleted, Social Security benefits would be cut by 22% unless ...