Young workers face stark Social Security reality
Social Security represents 64% of retirement income for many retired workers.
If Congress doesn't act, Social Security benefits will face a 23% across-the-board cut in 2033, according to the 2025 Social Security Trustees' Report.
That’s because the Social Security trust fund is projected to be depleted by that year. In other words, less money will be coming in than going out to pay 100% of total scheduled benefits owed to current and future beneficiaries.
If the past is prelude, Congress will act at the last minute to make changes – but likely changes won’t affect those in their 40s or older or those with income below certain thresholds.
