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.