- United States
- Texas
- Letter
Social Security is facing a serious financial crisis that demands immediate action from Congress. The recent report from the Social Security trustees predicts the program's funds will be depleted by November 2033, less than a decade away. At that point, automatic benefit cuts will be triggered unless reforms are implemented. This issue affects millions of Americans who rely on Social Security payments for their livelihood in retirement. Allowing the fund to run dry and forcing reductions in benefits would be devastating for vulnerable populations. Shoring up Social Security's finances must be a top priority to protect a vital safety net program that Americans have paid into over decades of working careers. Comprehensive reforms are urgently needed to ensure full scheduled benefits can continue without disruption after 2033. Financially solvent solutions that address Social Security's long-term funding shortfalls should be enacted without delay to avert this looming crisis.