Washington, June 11 -- Representative Sharice Davids issued the following press release:
Today, Representative Sharice Davids highlighted findings from the newly released 2026 Social Security Trustees Report (https://www.ssa.gov/OACT/TR/2026/tr2026.pdf), which shows the Social Security trust fund is now projected to become insolvent in 2032. If Congress fails to act, millions of Americans could face an automatic savings cut of roughly 20 percent, costing the average senior approximately $500 per month (https://www.cnbc.com/2026/06/03/social-security-benefit-cuts-trust-fund-shortfall.html).
"Social Security is a promise that Americans earn over a lifetime of work, and it's a promise we have a responsibility to keep," said Davids. "This new...