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Social Security Fund Risks 23% Cuts by 2033

8/18/2025

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Summary

Story summary

The OASI fund for Social Security may deplete reserves by 2033, risking benefit cuts of up to 23%.
Recent tax law changes under Trump are likely to worsen this financial outlook.
Around 80-90% of retirees depend on Social Security for essential income.
Demographic shifts, particularly baby boomer retirements, are exacerbating these issues.

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Story summary

The OASI fund for Social Security may deplete reserves by 2033, risking benefit cuts of up to 23%.
Recent tax law changes under Trump are likely to worsen this financial outlook.
Around 80-90% of retirees depend on Social Security for essential income.
Demographic shifts, particularly baby boomer retirements, are exacerbating these issues.