(June 9, 2026 – Arlington, Va.) — Concord Action Executive Director Carolyn Bourdeaux released the following statement in response to today’s Social Security Trustees Report:
“Today’s report delivers an urgent warning that lawmakers across the political spectrum must take seriously: the Social Security Old Age and Survivors Insurance trust fund is projected to be depleted in 2032—during the term of senators elected this fall and the next president elected in 2028. Without congressional action, Americans will face an automatic 22% reduction in retirement benefits in just a few years.
“Moreover, the longer-term outlook for Social Security is decidedly worse than in last year’s report, reflecting worsening fundamentals: lower projected fertility rates, a sharp decline in immigration that shrinks the pool of workers paying into the system, and the revenue impact of recent tax legislation. These are structural trends, not temporary fluctuations.
“The window for a manageable solution is closing. Every year Congress delays, the range of options narrows and the adjustments required become more painful — for workers, retirees, and taxpayers alike. The choices ahead involve difficult trade-offs, and there is no single, painless fix. But the report is clear: inaction is itself a choice, and it is the worst one available.
“Concord Action calls on lawmakers from both parties to treat this report not as a distant warning, but as an immediate call to act. The American people — especially the millions who depend on Social Security — deserve a Congress that will protect this foundational program for generations to come.”
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