Via News Knowledge File

Social Security Administration

government agency80% conf.·synced Aug 12, 2026

U.S. federal agency that administers Social Security retirement and disability benefits

sourced metrics

226

relationships

stated objectives

Via News reports

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Key metrics · each point sourced

Benefit Coverage After Depletion

81percent

Jan 1, 2034source

Benefit Payment Rate

77percent

Jan 1, 2033source

Projected Benefit Reduction

24percent

Jan 1, 2032source

Buying Power Loss

14percent

Aug 9, 2026source

Maximum Claiming Strategy Bonus

23760USD

Jul 13, 2026source

Delayed Retirement Credit Rate

8percent

Jul 13, 2026source

Recommended Safe Withdrawal Rate

4percent

Jul 13, 2026source

Full Retirement Age

67years

Jul 13, 2026source

Household Savings Rate

4percent

Jun 15, 2026source

Benefit Payable After Depletion

78percent

Jun 9, 2026source

Market Share

62percent_retirees_citing_as_major_income_source

May 1, 2026source

Back Payment Coverage Months

28months

May 1, 2026source

Benefit Increase From Delaying Claim 62 To 67

43percent

May 1, 2026source

Social Security 85pct Taxable Threshold Single

34000USD

Apr 26, 2026source

Social Security Taxability Threshold Single

25000USD

Apr 26, 2026source

Funding Deficit

169000000000USD

Mar 28, 2026source

Affected Recipients

452000recipients

Mar 1, 2026source

Average Retired Worker Benefit

2079.49USD

Mar 1, 2026source

Stated objectives

Resolve Social Security shortfall before trust fund depletion through combination of higher taxes, later claiming ages, means testing benefits, and/or changes to benefit formula

source

by 2032-01-01 00:00:00stated

Maintain Social Security solvency; program currently projected to deplete by Q4 2032 without reform

source

by 2032-10-01 00:00:00stated

Maintain solvency of Social Security trust fund

source

stated

Encourage retirement at full retirement age to receive full benefits

source

target: 67 years for those born in 1960 or later stated

Maintain full benefit payments without trust fund depletion

source

target: 100% benefit payment rate stated

Prevent loss of purchasing power for Social Security recipients by adjusting benefits to match inflation

source

stated

Strengthen Social Security's foundation for current and future beneficiaries

source

stated

Prevent Social Security insolvency expected in 2035

source

by 2035-01-01 00:00:00stated

Close the gap in Social Security trust fund through retirement age increase, benefit caps for high-income households, or immigration expansion

source

stated

Avoid depletion of Social Security trust fund through major reforms

source

target: maintain solvency by 2032-01-01 00:00:00stated

Relationship graph · 226 connections

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This Knowledge File is assembled from Via News's source-traceable knowledge graph. Metrics, objectives and relationships are extracted from primary and credible secondary documents and refreshed on a schedule. Read our methodology →