Social Security’s retirement trust fund is projected to be depleted in the fourth quarter of 2032, when 78% of scheduled benefits would remain payable, according to the 2026 trustees report. Senators elected this November are expected to be in office at that point, and a new survey finds voters in five battleground states favor candidates with plans for the program’s future. Former Treasury Secretary Jack Lew urged presidential and Senate candidates to preserve policy options and pursue bipartisan reforms, citing the 1983 changes as a model. Current debate includes raising or eliminating the taxable wage cap, along with potential effects on jobs and GDP.