08-14-26 Part Two - The Future of Social Security

In part two of Red Eye Radio with Gary McNamara and Eric Harley, many retirees on fixed incomes already struggle to keep pace with inflation. and if Congress doesn't take action to address Social Security's looming insolvency, the situation could soon become dire. The primary Social Security trust fund from which retirement and survivor benefits are paid — the Old-Age and Survivors Insurance, or OASI, fund — is now forecast to be depleted by 2032, one year earlier than last year's estimate. Projections pin the 75-year shortfall at $30 trillion. According to the Bipartisan Policy Center, the revised timeline is the result of changes enacted in the One Big Beautiful Bill Act. If a solution isn't found before 2032, benefits for future and existing recipients are expected to be reduced dramatically. For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices