When the trust funds run out, Social Security's remaining income sources will only be enough to cover around 83% of future benefits, according to the report. In other words, beneficiaries could see their checks reduced by around 17%, assuming lawmakers don't find a solution before 2035.

Social Security beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025, which is the lowest increase since 2021 and down from 3.2% this year. The new COLA will boost the

The Social Security Administration made an important announcement on Oct. 10 that will affect every retiree receiving benefits.

The Committee for a Responsible Federal Budget says Trump's proposed tariffs, tax cuts and deportation could 'dramatically worsen' Social Security.

The Committee for a Responsible Federal Budget said Trump’s plans would eventually slash payments to retirees by one-third.

Former President Donald Trump has long vowed to protect Social Security. But the bevy of tax breaks he’s promised – including pledging to stop taxing Social Security benefits – could hasten the depletion of the beloved entitlement program’s trust funds and leave seniors with smaller monthly payments.

The Committee for a Responsible Federal Budget estimated Trump’s plans for massive deportations, tariffs, and tax cuts would drain the program’s trust fund by 2031 and lead to a 33 percent cut in benefits by 2035 unless Congress steps in to shore up the program.