⏳NEW: Social Security is Now Less Than Six Years from Insolvency The Social Security retirement trust fund is now less than six years from insolvency, according to CRFB's Insolvency Countdown Clock. Without action from policymakers, beneficiaries will face a deep and abrupt 22% benefit cut when the retirement fund is exhausted in late 2032. That is when today’s 61-year-olds will reach their normal retirement age and when today’s youngest retirees turn 68. Slipping below the six-year mark until the insolvency of Social Security’s retirement trust fund is a timely reminder that now is the time for #TrustFundSolutions#. 🔗