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Website title: The American Action Forum
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In their 2026 report, the Social Security Trustees estimate the Old-Age and Survivors Insurance (OASI) trust fund will exhaust its reserves by the end of calendar year 2032. In new research, Director of Fiscal Policy Jordan Haring discusses the implications of the retirement fund becoming insolvent.
Key points:
...Executive Summary
In their 2026 report, the Social Security Trustees estimate the Social Security Old-Age and Survivors Insurance trust fund will exhaust its reserves and become insolvent by the end of calendar year 2032; upon insolvency, all beneficiaries regardless of age, income, or need will see their benefits slashed by 22 percent. The magnitude of...Today the Bureau of Labor Statistics (BLS) releases the May report on the Consumer Price Index (CPI) and the atmosphere is more charged than Madison Square Garden. (Well, sort of.) As the chart below reminds us, the Federal Reserve’s progress toward getting inflation to the 2-percent target rate had stalled in 2025 and has taken a sharp turn for the worse with the onset of ho...
American Action Forum experts Jordan Haring and Michael Baker analyze the 2026 Social Security and Medicare Trustees reports released today. The Medicare Trustees estimate the Medicare Hospital Insurance (HI) trust fund will go bankrupt by 2033, and the theoretically combined Social Security trust funds will be insolvent by 2034, both the same as last year’s estimates.
Executive Summary
Today, the Social Security and Medicare Trustees released their annual reports on the financial status of the nation’s two largest entitlement programs; the reports reiterate a past conclusion: Social Security and Medicare are approaching insolvency. The Medicare Trustees estimate the Medicare Hospital Insurance (Part A) trust fund wil...