Trump Policies Accelerate 22% Social Security Cuts as OASI Reserve Depletion Looms in 2032
Updated
Updated · Yahoo Finance · Aug 8
Trump Policies Accelerate 22% Social Security Cuts as OASI Reserve Depletion Looms in 2032
3 articles · Updated · Yahoo Finance · Aug 8
Summary
Social Security’s retirement trust fund is still projected to run out of reserves in the fourth quarter of 2032, a point that would trigger automatic benefit cuts of up to 22%.
Trump’s policies are described as speeding that timeline by lifting inflation-linked payouts, with 2026’s 2.8% cost-of-living adjustment partly boosted by his 2025 global tariffs.
Those tariffs, imposed in April 2025 and later struck down by the Supreme Court in February 2026, still raised goods prices enough to create a Social Security “Trump bump.”
The broader strain remains severe even beyond those policy effects: trustees project a $29.3 trillion unfunded obligation for Social Security through 2100.