More than 400,000 Idahoans Could be Impacted by Social Security Shortfall

Congress must act to protect and strengthen Social Security. 

Social Security is a lifeline for more than 400,000 people in Idaho. It is earned through a lifetime of hard work.  It’s not a bonus or a handout. 

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For many Idahoans Social Security is an essential part of their plan for financial security in retirement.  These payments help cover basic needs like housing, groceries, utilities, and health care. In fact, a recent AARP survey found that 65% of Americans 50+ say that if Social Security was eliminated, they couldn't go six months without borrowing or selling something.

Below is the statement from AARP CEO Myechia Minter-Jordan on the Social Security and Medicare Trustees Report. 

AARP Responds to 2026 Social Security and Medicare Trustees’ Reports

The new Social Security and Medicare Trustees Reports released today show the Social Security trust funds are now expected to be depleted in 2034, the same year as last year’s estimate. The new projection means Congress will still need to close the remaining shortfall of just under 20%, or Americans will face Social Security cuts that they cannot afford.

AARP CEO Myechia Minter-Jordan issued the following statement:

“This should be a wake-up call: Congress needs to act. Americans have worked hard and paid into Social Security their entire lives, and they deserve to count on it when they retire. No family should see any cuts to what they’ve earned in Social Security. Today, more than 71 million people rely on Social Security, and as America ages, ensuring it stays strong will become even more critical. 

The 125 million Americans age 50 and older have made clear: cutting Social Security or Medicare is not an option. This is money Americans have earned over a lifetime of hard work. They planned for retirement, followed the rules, and now Congress must keep its promise by strengthening, not cutting, Social Security. 

 At a time when the future of Social Security is being tested by proposals that would weaken the program, the Trustees Report highlights the need for Congress to protect what people have earned. We will not let special interests push proposals to cut Social Security for middle-class families. 

We urge Congress to act in a bipartisan way to ensure Social Security can continue to be strong for our children and grandchildren.”

Americans work hard and pay into Social Security for their entire lives. Social Security provides the majority of income for 43% of seniors. That’s more than 25 million families. Social Security is one of the most successful and popular initiatives in history and has helped generations of Americans stay out of poverty and thrive in retirement.  

Social Security isn’t going bankrupt, but Congress needs to act to protect and strengthen it now and in the future.