finance
Social Security Trust Funds Face Insolvency by 2033
The 2026 Social Security Trustees Report projects the combined trust funds will be depleted by 2033. A law enacted earlier this year accelerated the projected depletion date by one year.
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The 2026 Social Security Trustees Report projects depletion of the combined Old-Age and Survivors Insurance and Disability Insurance trust funds by 2033.
The outlook marks the worst financial projection since 1983.
A law signed in 2026 worsened the funds' financial position by accelerating the depletion date by one year. A government watchdog described Social Security as being on a collision course toward insolvency.
Security pays benefits to tens of millions of retirees and disabled workers using payroll taxes collected from current workers. The program has two main trust funds that pay those benefits.
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