Social Security OASI fund projected depleted in Q4 2032, risking 20%-22% cuts
AI Summary- The OASI Trust Fund is projected to be depleted in the fourth quarter of 2032, threatening automatic Social Security benefit cuts.
- Without congressional action, benefits could fall by roughly 20% to 22%, affecting recipients regardless of age.
- Proposals range from raising the full retirement age to Sanders’s $200 monthly benefit increase, but neither is close to becoming law.