The US Social Security trust fund is facing an accelerated depletion due to provisions in the new Republican tax law. According to the agency’s chief actuary, the program may run out of money as early as 2032, rather than the previously estimated 2033. The One Big, Beautiful Bill Act, signed by President Trump last month, has triggered a significant increase in insolvency. This development raises concerns about the long-term sustainability of Social Security benefits.
Source: https://www.marketwatch.com/story/social-security-old-age-and-survivors-trust-fund-could-run-out-of-money-sooner-than-expected-senator-warns-213b2538