Recent official projections from the Social Security Trustees and Congressional Budget Office place the Old-Age and Survivors Insurance (OASI) retirement trust fund depletion in 2032, with the combined OASDI funds running out in 2034 and triggering automatic benefit reductions of roughly 17-26 percent absent congressional action. The June 2026 Trustees Report showed the combined insolvency date unchanged from the prior year but moved OASI depletion one quarter earlier, citing lower fertility rates, reduced immigration assumptions, and revenue impacts from recent legislation. Ongoing cash-flow deficits have steadily drawn down reserves, now around $2.56 trillion, while program costs continue exceeding non-interest income. No major solvency reforms have advanced in 2026, though minor bills on claiming ages have moved forward. These dynamics anchor trader focus on the 2032-2035 window for likely market resolution.