Social Security needs help to continue paying promised benefits.
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Social Security is in trouble, but it’s not going bankrupt and it’s not going away in the near future. That’s an important conclusion from the 2026 OASDI Trustees Report that was released on June 9.
The Social Security OASDI Trust Funds are projected to be depleted in the third quarter of 2034; at that time, about 83% of benefits can still be paid to beneficiaries. This percentage declines gradually to 62% by 2100.
By the way, for those of you interested, OASDI stands for Old-Age, Survivors, and Disability Insurance program, and it’s the official name for Social Security.
Many people mistakenly think that if the trust funds are depleted, Social Security would go…