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Social Security’s Deadline Looms | Salt Lake City News

Social Security’s Deadline Looms | Salt Lake City News

Published 5 days, 6 hours ago
Description

Social Security’s clock is running out—trust funds could hit zero by Q4 2032, covering just 78% of promised benefits. After decades of political gridlock, the next Senate class will inherit this crisis. Recent hearings exposed deep partisan divides, with no bipartisan solutions in sight. Past fixes from the 80s won’t cut it now, given an aging population and shrinking workforce. Options like raising the payroll tax cap, means-testing, or benefit adjustments face strong resistance. Experts warn: delay = higher costs later.

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