CBO: Social Security Funding Gap Widens; OASI Trust Fund Projected to Be Exhausted in FY 2032

CBO’s 2026 long-term projections show Social Security outlays increasingly exceeding revenues over the next 75 years. The report projects the Old-Age and Survivors Insurance (OASI) Trust Fund balance will be exhausted in fiscal year 2032, a key data point for future retirement and benefits policy debates affecting federal employees, service members, and retirees.