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THE COUNTDOWN

Your government spends $7 trillion a year. The three biggest line items are running out of time.

FY 2025 federal spending totaled $7.0 trillion with a $1.8 trillion deficit. Here's where it all goes and why three deadlines should be on your radar.

FY 2025 Federal Spending Flow

$$$$$$$$$$YOUSocial Security$1,540B (22%)Medicare + Health$1,770B (25%)Interest on Debt$1,050B (15%)Military$900B (13%)Everything Else$1,740B (25%)

Social Security, Medicare, and interest on the debt consume 62 cents of every dollar Washington spends and account for 83% of all spending growth through 2035. Between 2024 and 2027, 4.1 million Americans are turning 65 every year. The system was not built for this.

THE CLOCKS

Three deadlines. No plan in place.

Social Security Trust Fund

~6 years, 8 months

2421
DAYS
06
HOURS
24
MINS
30
SECS

Target: Oct 1, 2032

Projected automatic ~24% benefit cut

SSA Chief Actuary letter (Aug 5, 2025)

Medicare Trust Fund

~6 years, 5 months

2329
DAYS
06
HOURS
24
MINS
30
SECS

Target: Jul 1, 2032

Projected automatic ~11% provider payment cut

CRFB estimate, cross-referenced with CRR

Tax Cuts Expire

~2 years, 11 months

1052
DAYS
06
HOURS
24
MINS
29
SECS

Target: Dec 31, 2028

Temporary deductions sunset by statute

One Big Beautiful Bill Act (P.L. 119-21)

THE BIG 3

What these deadlines mean for your money.

Social Security's trust fund is projected to run out in late 2032. When it does, benefits get cut automatically. Not by choice. By law.

For a typical couple, that's roughly $18,400 less per year. It doesn't matter how long you've paid in or how much you've earned. The cut hits everyone the same percentage. Congress can fix this, they've done it before, in 1983. But right now, no one is acting.

PRIA maps this risk to your household.

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Don't wait for the countdown to hit zero.

See how these three risks map to your household. Get your personalized PRIA Score and start planning before the deadlines hit.

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Sources

  • CBO Monthly Budget Review: Summary for Fiscal Year 2025 (October 2025)
  • CBO The Budget and Economic Outlook: 2025 to 2035 (January 2025)
  • SSA Chief Actuary letter to Sen. Wyden (August 5, 2025)
  • 2025 Social Security Trustees Report (June 2025)
  • 2025 Medicare Trustees Report (June 2025)
  • CRFB and CBPP analyses on federal outlays and deficits (2025)