The trust fund received $1.106 trillion in payroll taxes in 2024, plus $54 billion from taxes collected on Social Security benefits and $64 billion in interest. That’s a total income of $1.224 ...

With the trust fund projected to deplete by 2035, the future of benefits is uncertain. At that point, tax revenues are expected to cover only 83% of scheduled benefits, leading to an automatic 17% ...

That trust fund has enough money in it to pay 100% of total scheduled benefits until 2033. This reflects no change from the prior year’s report. Unfortunately, in 2033, the money will run dry.

Another way to say this is that when that trust fund is depleted, the people who rely on Social Security for some or the bulk of their income would see a sudden 21% cut in their monthly checks in 2… ...