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No, your Social Security isn’t disappearing in 2032

Catch up with NBC News Clone on today's hot topic: Social Security Insolvency Rcna591409 - Breaking News | NBC News Clone. Our editorial team reformatted this story for clarity and speed.

But depending on how Congress acts, future payouts of Social Security benefits may be smaller.
Social Security is the primary source of retirement income for 40% to 55% of retirees. Anticipated cuts could reduce payouts as much as 28%.
Social Security is the primary source of retirement income for 40% to 55% of retirees. Anticipated cuts could reduce payouts as much as 28%.Justine Goode / NBC News; Getty Images
By Ashley Mowreader

Social Security benefits will be cut for tens of millions of retirees in late 2032, unless Congress takes action first.

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