The Congressional Budget Office predicts that the Social Security Trust Fund will be exhausted by 2032, a year earlier than previously forecast, which will trigger automatic benefit cuts. Starting in 2032, all beneficiaries will face benefit reductions, initially at 7%, with the average reduction reaching 28% by 2036, leaving low-income retirees without any security. CBO Director Philip Swagel warned that this fiscal situation is unsustainable, and experts are urging Congress to take action to reform, such as increasing payroll taxes or adjusting the retirement age, to avoid a crisis.