Social Security Funds Projected to Dry Up by 2033, Triggering 25 Percent Payment Cuts

What was said

"Social Security 2033, that's when the funds dry. So payments get cut by 25%. 2033 is when the funds dry up for Social Security. The actual fund that's sitting there. So every dollar that goes out is money that's coming in. That's projected 2033."

Hammer told Rogan that Social Security trust funds are officially projected to be depleted by 2033, at which point benefits will be automatically reduced by 25 percent unless Congress intervenes. He explained that after depletion, payments will be limited to incoming payroll tax revenue only. The discussion followed criticism of retirees whose Social Security is already being garnished to repay decades-old student loans.