Social Security's insolvency date is projected for end of 2032

Social Security's trustees report said the program is on track to become insolvent by the end of 2032, when the program's beneficiaries will get a 22% cut in their monthly checks. Social Security guarantees income to over 70 million Americans. Across-the-board benefit cuts would significantly impact retirees, disabled workers and survivors, especially amid rising living costs. …