{"id":516571,"date":"2026-03-03T19:18:22","date_gmt":"2026-03-03T19:18:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/516571\/"},"modified":"2026-03-03T19:18:22","modified_gmt":"2026-03-03T19:18:22","slug":"social-security-trust-fund-to-run-dry-by-2032-earlier-than-expected","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/516571\/","title":{"rendered":"Social Security trust fund to run dry by 2032, earlier than expected"},"content":{"rendered":"<p class=\"text | text-start article-text\">MORTON (<a href=\"https:\/\/www.25newsnow.com\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.25newsnow.com\/\">25News Now<\/a>) &#8211; One of the country\u2019s biggest Social Security trust funds is set to be depleted ahead of schedule.<\/p>\n<p class=\"text | text-start article-text\">The Congressional Budget Office said that the Old Age and Survivors Insurance Trust Fund will run out of funds in 2032. That is a year earlier than the CBO\u2019s 2025 analysis, which predicted the fund would run out in 2033.<\/p>\n<p class=\"text | text-start article-text\">The Old Age and Survivors Insurance Trust Fund is one of two funds used to pay Social Security benefits.<\/p>\n<p class=\"text | text-start article-text\">Phill Cooper, the founder of 210 Financial, in Morton, said that the main reason for this fund decrease is that more people are retiring than people who are paying social security taxes.<\/p>\n<p class=\"text | text-start article-text\">He added that Congress has proposed several solutions to the problem.<\/p>\n<p class=\"text | text-start article-text\">These solutions include possibly raising the payroll tax rate or by raising the full retirement age. <\/p>\n<p class=\"text | text-start article-text\">You can watch <a href=\"https:\/\/www.25newsnow.com\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.25newsnow.com\/\">25News<\/a> &#8211; any newscast, anywhere &#8211; streaming <a href=\"https:\/\/www.25newsnow.com\/livestream\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.25newsnow.com\/livestream\">LIVE<\/a> on <a href=\"https:\/\/www.25newsnow.com\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.25newsnow.com\/\" target=\"_blank\">25NewsNow.com<\/a>, our <a href=\"https:\/\/www.25newsnow.com\/page\/get-the-new-25-news-now-app-today\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.25newsnow.com\/page\/get-the-new-25-news-now-app-today\/\" target=\"_blank\">25News mobile app<\/a>, and on our <a href=\"https:\/\/www.25newsnow.com\/page\/how-to-watch-25newsnow-on-ctv-and-apps\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.25newsnow.com\/page\/how-to-watch-25newsnow-on-ctv-and-apps\/\" target=\"_blank\">WEEK 25News SmartTV streaming app<\/a>. Learn more about how you can get connected to 25News streaming live news <a href=\"https:\/\/www.25newsnow.com\/page\/how-to-watch-25newsnow-on-ctv-and-apps\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" title=\"https:\/\/www.25newsnow.com\/page\/how-to-watch-25newsnow-on-ctv-and-apps\">here<\/a>.<\/p>\n<p class=\"copyright |\">Copyright 2026 WEEK. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"MORTON (25News Now) &#8211; One of the country\u2019s biggest Social Security trust funds is set to be depleted&hellip;\n","protected":false},"author":2,"featured_media":516572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[258145,189439,258142,64,63,99,9338,186,30826,258146,258143,184,185,258144,2310,14850],"class_list":["post-516571","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-210-financial","tag-25news","tag-25newsnow","tag-au","tag-australia","tag-business","tag-congress","tag-finance","tag-funds","tag-money-news","tag-old-age-and-survivors-insurance-trust-fund","tag-personal-finance","tag-personalfinance","tag-phil-cooper","tag-social-security","tag-week"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/516571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=516571"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/516571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/516572"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=516571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=516571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=516571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}