Washington Post [no paywall]: “Social Security’s trust fund is now due to run low on money beginning in 2032. And in announcing that new date Tuesday, the government acknowledged that the Trump administration’s immigration policies and tax cuts are expected to contribute to the insolvency. The trust fund that pays retiree and survivor benefits is expected to reach depletion by the fourth quarter of 2032, one quarter earlier than projected in last year’s annual report. Social Security’s trustees said notable changes over the past year included a decline in the country’s fertility rate, a drop in immigration and the “substantial effect” of President Donald Trump’s signature tax legislation last year, which extended tax cuts from Trump’s first term and provided a deduction for seniors. At the same time, the trustees noted that average real earnings are assumed to grow, which would have a positive effect on the trust fund…”