AARP's John Hishta Warns Social Security Faces a 20% Cut in 2032 Unless Congress Acts
Podcasts > LARRY with Larry O'Connor
Wednesday, June 24, 2026
The Social Security Trustees report just confirmed it: come 2032, benefits get automatically cut 20% for every retiree unless Congress acts — and Washington has spent 20 years doing nothing. Larry O'Connor sits down with AARP's John Hishta to break down exactly what "insolvency" means, who gets hit, and why no candidate running this year wants to touch the issue. It's your money, you paid in, and the clock is almost out.
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