Social Security Insolvency Projected 6 Months Sooner, Chief Actuary Says
August 9th, 2025Via: ZeroHedge:
The Social Security trust funds are projected to run out about six months earlier than previously estimated, according to a new analysis from the program’s chief actuary.
Letters sent on Aug. 5 to Sen. Ron Wyden (D?Ore.) and Rep. Steven Horsford (D?Nev.) say the combined Old?Age and Survivors Insurance (OASI) and Disability Insurance (DI) funds are now expected to be depleted in the first quarter of 2034, rather than the third quarter of that year as in the most recent trustees’ report.
The 2025 trustees’ report, released in June, had already moved up the combined depletion date by one year—from 2035 in the prior report to 2034—reflecting worsening demographics and legislative changes.
Under the new analysis carried out in response to requests from Wyden and Horsford, the One Big Beautiful Bill Act accelerates that timeline further by about six months.
“Eggsperts” talking about Social Security trust funds running out of money by such and such date is all just baloney. All yearly revenue taken in by federal government, whether payroll tax, corporate tax, excise tax, tariffs, whatever, is all lumped together, and used to pay for all the fed gov programs that year, plus borrowed money, because taxes do not cover all the fed program costs, and it all starts over again the next year.