Source: 2026 Annual Reports of the Social Security and Medicare Boards of Trustees (June 9, 2026)

Social Security’s retirement trust fund runs short in late 2032. It will then pay only 78% of promised benefits to more than 70 million beneficiaries, about 1 in 5 Americans. Medicare’s hospital insurance trust fund runs short in 2033. It will then pay only 89% of promised benefits for 79 million beneficiaries, more than 1 in 5 Americans. Congress can still act.