Social Security payments will be cut by 2032. Congress must act to prevent benefit cuts. (Opinion)
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By Bob Beauprez
Published on March 17, 2026.
The future of Social Security is in trouble, with projections that the Social Security retirement trust fund will go insolvent in late 2032, leading to an across-the-board benefit cut for beneficiaries. The Trustees estimate that this 24% cut will equal 24%, the equivalent of an annual $18,400 loss for a typical couple retiring in 2033. Nearly one million Coloradans receive Social Security benefits each month. The program provides financial support to retirees, individuals with disabilities, widows and widowers, and their families. Social Security has been on a fiscally unsustainable path for decades due to demographics and a structural mismatch between benefits and revenues. There are no shortage of options to save Social Security, but action is required now.
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