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Social Security Could Face Benefit Cuts by 2032. Here’s What to do Now
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The Boca Raton Tribune
That’s just seven years from now, according to the latest Social Security Trustees report published in 2025.
The fund was built up through the decades when incoming payroll taxes and interest earnings exceeded Social Security payments.
Will Social Security payments decrease once the trust fund is depleted?
If you’ve been paying Social Security taxes for about 10 years or more, you can start receiving your Social Security retirement benefits as early as age 62.
This article originally appeared on Palm Beach Post: Social Security could face benefit cuts by 2032.