Social Security faces benefit cut in 2032 if Congress doesn’t fix funding shortfall - States impacted the most

A funding shortfall is expected to impact Social Security's retirement trust fund in 2032. This date is a year earlier than previously projected. If Congress does not address the issue, an automatic cut to benefits will be triggered when the fund faces a shortfall.

Further details on the projected financial impact of the potential insolvency are available, including how it may affect individual states, from FOX 11 Los Angeles.