Social Security Trust Fund Seen Depleted in Q4 2032 as U.S. National Debt Rises $338.61 Billion

Social Security trustees said the Old-Age and Survivors Insurance (OASI) Trust Fund is projected to be depleted in the fourth quarter of 2032, after which incoming revenue would cover 78% of scheduled benefits. According to NS3.AI, U.S. Treasury Department data shows the national debt increased by $338.61 billion between May 14th and June 15th. The trustees’ projection indicates that, following depletion, benefit payments would be reduced to match projected income unless changes are made.