By Ryan McMaken
Mises.org
October 8, 2026
The Congressional Budget Office (CBO) and the Social Security Administration now estimate that the Social Security's retirement trust fund is projected to run out of reserves in 2032 under current law. Or, put another way, according tothe trustees' report: "the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until the fourth quarter of 2032." After that, Social Security recipients will be looking at cuts, unless, of course, the law is changed to allot more tax money to the program.