Drooid Logo
Back to today’s briefing

Story perspectives

SSA Says Social Security Will Last 90 More Years

By Drooid · · How we work

7 1 Full Breakdown

1 of 1

Story summary
  • Social Security Administration (SSA) Commissioner Frank Bisignano said Social Security will last another 90 years despite trust-fund depletion.
  • Social Security's main trust fund is projected to run out in 2032, reducing benefits to 78% of amounts.
  • The Congressional Budget Office forecasts average annual benefit cuts of 28% from 2033 through 2036.
  • The Committee for a Responsible Federal Budget estimates a 24% cut would lower a retiring couple’s benefits by $18,400.