Social Security bosses send terrifying warning about exact date America will run out of cash

A new report from the Social Security Board of Trustees warns that the program’s trust funds could be depleted by 2034—one year earlier than previously expected. This alarming forecast is linked to rising costs from the Social Security Fairness Act, which expanded benefits for retirees. The Old-Age and Survivors Insurance (OASI) fund may run out as early as 2033. With around 70 million Americans depending on these benefits, the potential cuts are concerning. If no action is taken, beneficiaries could face a 19–23% reduction in payments rather than a complete shutdown of the program.

Social Security Commissioner Frank Bisignano urged Congress to take urgent action, emphasizing the need to eliminate waste and protect the program’s future. Public pressure is also mounting, with AARP CEO Myechia Minter-Jordan stressing that Americans have earned and paid into Social Security throughout their lives. She highlighted the increasing importance of the program as the population ages. The financial warning comes amid growing dissatisfaction with President Donald Trump’s economic management, as recent polls show low approval ratings, particularly regarding trade and fiscal policy.