Source: Cato Institute
by Emily Ekins & Jonah Messinger
“The newly released Social Security Trustees’ annual report shows that the Social Security Trust Fund’s finances have deteriorated further. The trust fund is now projected to be depleted sooner than previously expected, meaning Congress will face an even larger financing gap. Closing that gap will require larger tax increases, deeper benefit cuts, or some combination of both. Recent polling on Social Security from the Cato Institute in collaboration with YouGov offers some clues about how Americans are likely to respond to this news. Americans are aware that Social Security is underfunded, but many do not understand the severity of the problem.” (06/10/26)