Social Security's trustees report said the program is on track to become insolvent by the end of 2032, when beneficiaries would see their monthly checks cut by 22%.

The shortfall will be driven in part by a drop in immigration and Trump’s tax cuts, trustees say, resulting in trimmed benefits.

At that point, Social Security would only be able to pay 78% of scheduled retirement benefits — a cut that would lower monthly checks by hundreds of dollars for the average retiree, Newsnation reports...