Social Security Insolvency Accelerates to 2032 as OBBBA Cuts Revenue by $1.1 Trillion
The One Big Beautiful Bill Act moves Social Security's insolvency date from 2035 to 2032 through tax reductions on benefits and auto loan interest deductions, triggering projected 33% benefit cuts. The legislation eliminates $1.1 trillion in federal healthcare spending—primarily Medicaid and ACA programs—expected to strip coverage from 11.8 million Americans by 2034 per CBO analysis.
ViaNews Editorial Team (Markets)•