Business3 sources
Midterm elections impact Social Security funding future
- Social Security's main trust fund is projected to be depleted by 2032.
- The midterm elections are crucial for addressing Social Security funding issues.
- The program is expected to run out of money in the next six years.
- Once depleted, Social Security may only cover 78% of scheduled benefits.
- Congress will face pressure to find remedies to avert benefit cuts.