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Gen-Z Is Paying Social Security Taxes—Will They Ever See the Benefit?

Gen-Z Is Paying Social Security Taxes—Will They Ever See the Benefit?

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Social Security’s retirement trust fund is projected to exhaust its reserves in 2032, decades before most Gen Z members reach retirement age. While this does not mean Social Security will vanish or stop sending checks, benefits would be cut significantly unless Congress acts, experts say.Read More on Politics“Gen Z shouldn't plan on Social Security disappearing. That's not what the numbers actually say,” Michael Ryan, a finance expert and the founder of MichaelRyanMoney.com, told Newsweek.

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Original publisherNewsweek
Canonical URLhttps://www.newsweek.com/gen-z-is-paying-social-security-taxes-will-they-ever-see-the-benefit-12397651
Publication timeWed, 02 Sep 2026 19:09:47 -0400
Retrieval time2026-09-02T23:47:21.471Z
Last seen2026-09-02T23:47:21.471Z
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By Suzanne BlakeReporter0ShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.Every paycheck a Gen Z worker earns comes with a promise attached: Pay Social Security taxes now, and the program will provide income when you retire.But the latest government projections show Social Security faces a substantial funding gap. Social Security’s retirement trust fund is projected to exhaust its reserves in 2032, decades before most Gen Z members reach retirement age. While this does not mean Social Security will vanish or stop sending checks, benefits would be cut significantly unless Congress acts, experts say.Read More on Politics“Gen Z shouldn't plan on Social Security disappearing.

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