Social Security Trust-Fund Solvency and Projected Benefit Shortfall

OASI reserves are projected to deplete in late 2032, after which ongoing revenue would cover about 78% of scheduled benefits; depletion does not mean payments stop entirely, and the projection is not a guaranteed cut starting now. Recent articles offer differing perspectives on possible congressional action and household impacts, but no new policy action or firm forecast. Distinguish the projected financing gap from a settled benefit reduction.