Social Security

Newsweek -  Social Security faces increasing financial strain. Demographic shifts have placed growing pressure on the system, with more Americans entering retirement while fewer workers contribute to the program.  The number of people aged 65 and older has risen sharply, from 43 million in 2010 to 68 million in 2025. Meanwhile, the ratio of workers paying into Social Security compared to beneficiaries has declined, dropping from 2.9 workers per recipient in 2010 to 2.7 in 2025. This imbalance has contributed to rising costs and a worsening financial outlook for the program that serves tens of millions of Americans.

According to the report, Social Security is now less than seven years away from insolvency. If no action is taken, the law would trigger an automatic 24 percent reduction in benefits across the board.