When Will Social Security Run Out of Money?

The latest 2025 projections show that the Social Security and Medicare Hospital Insurance trust funds could be depleted by 2033, which would result in a 23% reduction in benefits unless changes are made. Options being discussed include raising the retirement age, changing wage caps, increasing taxes, means-testing, and investing in equities. Supporting Medicare members and making a positive impact in their lives is what motivates me every day, so I’m always watching these updates closely. Understanding what these potential changes could mean helps us all prepare for the future together.