Social Security will struggle to meet its obligations by 2035, with benefits dropping to 83% of scheduled payments, ultimately falling to 73% by 2045.
If Congress does not increase funding, median annual benefits could decline by $5,900 in 2045, pushing millions of older Americans into poverty.
The projected worker-to-recipient ratio will plunge to 2.4 by 2033, a significant drop from 3.4 in 2000, exacerbating the funding crisis.
Options for repairing Social Security payments, such as raising the retirement age or increasing contributions, have not gained political traction.
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