Social Security will not have enough money between 2032 and 2035. The government must change the laws now. If they do not, people will get less money.

社會安全金在2032年至2035年之間將面臨資金不足。政府現在必須修改法律，否則民眾領取的金額將會減少。

The program has less money because people are older. There are fewer workers and more retired people. Also, fewer babies are born and fewer people move to the country.

由於人口老化，該計畫的資金減少了。目前勞動力減少，而退休人數增加。此外，出生率下降，且移居該國的人數也減少了。

Some leaders want to raise taxes. They want rich people to pay more money. Other leaders want to change the rules. They want people to work until they are 69 years old.

部分領導者希望調高稅率，讓富人支付更多資金。其他領導者則希望修改規則，要求人們工作到69歲再退休。

If the government does nothing, the money will run out. Then, the government will pay people only 60% to 86% of their money. This is a big problem for millions of people.

如果政府不採取行動，資金將會耗盡。屆時，政府僅能支付 60% 至 86% 的金額。對於數百萬人來說，這是一個巨大的問題。

Social Security needs more money soon. Congress must decide to raise taxes or change the rules for retired people.

社會安全金很快就需要更多資金。國會必須決定要調高稅率還是修改退休人員的規則。

The Social Security Administration's trust funds are expected to run out of money between 2032 and 2035. Consequently, the government must take legislative action to prevent automatic cuts to benefit payments.

社會安全局的信託基金預計將在 2032 年至 2035 年間耗盡。因此，政府必須採取立法行動，以防止福利金被自動削減。

The current financial instability is caused by a combination of demographic and legal factors. According to the Bipartisan Policy Center, there are fewer workers supporting each beneficiary than in the past; the ratio dropped from over five-to-one in 1960 to 2.9-to-one. Furthermore, the Committee for a Responsible Federal Budget emphasized that lower birth rates, reduced immigration, and the impact of specific tax laws are the main drivers of the deficit. Experts estimate that the long-term funding gap represents about 4.42% to 4.65% of taxable payrolls.

目前的財務不穩定是由人口與法律因素共同造成的。根據兩黨政策中心，現在支持每位受益人的工作者比過去少；該比例從 1960 年的超過 5 比 1 降至 2.9 比 1。此外，負責任聯邦預算委員會強調，出生率降低、移民減少以及特定稅法的影響是導致赤字的主要驅動力。專家估計，長期資金缺口約佔應納稅薪資總額的 4.42% 至 4.65%。

There are two main strategies to solve this problem: increasing revenue or modifying benefits. Some leaders, such as Senator Bernie Sanders, assert that the government should raise or remove the taxable earnings cap—which is currently $184,500—and tax investment income. On the other hand, some proposals focus on reducing spending. These include raising the full retirement age from 67 to 69, limiting benefits for high-income earners, or changing how cost-of-living adjustments are calculated. Additionally, the Trump administration argued that the issue could be managed by removing waste, fraud, and abuse within federal agencies.

解決此問題有兩大主要策略：增加收入或修改福利。部分領導人，如參議員 Bernie Sanders，主張政府應提高或取消應納稅收入上限（目前為 184,500 美元），並對投資所得課稅。另一方面，部分提案側重於減少支出，包括將法定退休年齡從 67 歲提高到 69 歲、限制高收入者的福利，或更改生活成本調整（COLA）的計算方式。此外，川普政府認為，透過消除聯邦機構內部的浪費、欺詐與濫用，即可管控此問題。

Analysis shows that different solutions have different levels of effectiveness. The Social Security Administration estimates that removing the tax cap could cover between 22% and 67% of the shortfall, while taxing investment income could potentially close the gap entirely. In contrast, raising the retirement age to 69 would reduce annual benefits by an average of 13% and address between 16% and 64% of the deficit. If Congress fails to reach an agreement, experts project that benefit payments would automatically drop to between 60% and 86% of their scheduled amounts once the funds are gone.

分析顯示，不同的解決方案成效各異。社會安全局估計，取消稅務上限可填補 22% 至 67% 的缺口，而對投資所得課稅則有可能完全填補缺口。相反，將退休年齡提高至 69 歲將使年度福利平均減少 13%，並能解決 16% 至 64% 的赤字。如果國會未能達成協議，專家預計一旦資金耗盡，福利金將自動下降至原定金額的 60% 至 86% 之間。

Social Security faces a serious funding shortage by the early 2030s. The final result will depend on whether Congress decides to increase taxes, reduce benefits, or use a combination of both strategies.

社會安全制度在 2030 年代初期將面臨嚴重的資金短缺。最終結果將取決於國會決定增加稅收、減少福利，或是採取兩者的綜合策略。

The Social Security Administration's trust funds are projected to reach insolvency between 2032 and 2035, necessitating legislative intervention to prevent automatic benefit reductions.

社會安全局的信託基金預計將在 2032 年至 2035 年間破產，因此需要立法干預以防止福利金被自動削減。

The current fiscal instability is attributed to a confluence of demographic and legislative factors. The Bipartisan Policy Center notes a significant decline in the worker-to-beneficiary ratio, which has decreased from over five-to-one in 1960 to 2.9-to-one. Furthermore, the Committee for a Responsible Federal Budget identifies diminished fertility rates, reduced immigration, and the revenue impacts of the 'One Big Beautiful Bill Act' as primary drivers of the deficit. Actuarial estimates indicate a long-term funding gap ranging from 4.42% to 4.65% of taxable payroll.

目前的財政不穩定歸因於人口與立法因素的共同影響。兩黨政策中心指出，勞工與受益人的比例大幅下降，已從 1960 年的超過五比一降至 2.9 比一。此外，負責任聯邦預算委員會將生育率下降、移民減少以及《一項巨大美麗法案》對收入的影響視為赤字的主要驅動因素。精算估計顯示，長期資金缺口佔應課稅薪資的 4.42% 至 4.65%。

Stakeholder positioning regarding remediation is bifurcated between revenue enhancement and benefit modification. Proponents of revenue increases, including former SSA Commissioner Martin O’Malley and Senator Bernie Sanders, advocate for the elimination or elevation of the taxable earnings cap—currently $184,500—and the taxation of investment income. Conversely, other proposals emphasize expenditure reduction. These include increasing the full retirement age from 67 to 69, implementing means-testing for high-income beneficiaries, or adjusting the Cost-of-Living Adjustment (COLA) mechanisms. The Trump administration has characterized the issue as one that can be mitigated through the eradication of waste, fraud, and abuse within federal agencies.

利益相關者對於修復方案的分歧在於增加收入或修改福利。支持增加收入的人士，包括前社會安全局局長 Martin O’Malley 和參議員 Bernie Sanders，主張取消或提高目前的課稅收入上限（目前為 184,500 美元）並對投資收益徵稅。相反，其他提案則強調減少支出。這些措施包括將完全退休年齡從 67 歲提高至 69 歲、對高收入受益人實施資產審查，或調整生活成本調整 (COLA) 機制。川普政府則將此問題定性為可以透過根除聯邦機構內的浪費、欺詐與濫用行為來緩解。

Quantitative analysis suggests varying degrees of efficacy for these interventions. The Social Security Administration estimates that eliminating the tax cap could resolve between 22% and 67% of the shortfall, while a comprehensive tax on investment income could potentially close the gap entirely. In contrast, raising the retirement age to 69 is projected to reduce annual benefits by an average of 13%, addressing between 16% and 64% of the deficit. Should no legislative rapprochement occur, the Committee for a Responsible Federal Budget and the Penn Wharton Budget Model project that benefit payments would be automatically reduced to between 60% and 86% of scheduled amounts following trust fund depletion.

定量分析顯示，這些干預措施的成效各異。社會安全局估計，取消稅收上限可解決 22% 至 67% 的短缺，而對投資收益徵收全面稅收則有可能完全填補缺口。相比之下，將退休年齡提高至 69 歲預計將使年度福利平均減少 13%，解決 16% 至 64% 的赤字。若未能在立法上達成共識，負責任聯邦預算委員會與賓州華頓預算模型預計，在信託基金耗盡後，福利金支付將自動削減至原定金額的 60% 至 86% 之間。

Social Security faces a critical funding shortfall by the early 2030s, with the ultimate outcome dependent on whether Congress implements tax increases, benefit reductions, or a hybrid of both.

社會安全制度將在 2030 年代初期面臨嚴重的資金短缺，最終結果取決於國會實施增稅、削減福利，或是採取兩者的混合方案。