Every year, the trustees analyze the current state of Social Security and forecast the future of the program. Changes in the workforce, life expectancies, or Social Security policies can impact those estimates. Unfortunately for seniors, the projections got even worse this year.

Starting in August, the Social Security Administration (SSA) will claw back overpayments, potentially reducing recipients’ checks by as much as half. Those who received a letter from the SSA regarding overpayment may need to rebudget their expenses as the agency moves to recoup excess funds.

The Social Security program, a financial lifeline for millions, faces an uncertain future. With demographic shifts and economic pressures mounting, legislative action is crucial to prevent significant benefit cuts.

The SSA has taken a “devastating” action that could impact millions of recipients starting in July. Here’s what it means and who could lose benefits.

An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund depletion, potentially triggering benefit cuts in 2032.

Social Security Administration praises Trump's One Big Beautiful Bill Act that eliminates income taxes on benefits for 90% of recipients

Millions of retirees are receiving reduced Social Security checks in July 2025. Learn why it’s happening and who is impacted.