Mark Cuban Warns 8,000 SSA Job Cuts Could Backdoor Social Security Benefit Reductions
Updated
Updated · FinanceBuzz · Oct 15
Mark Cuban Warns 8,000 SSA Job Cuts Could Backdoor Social Security Benefit Reductions
2 articles · Updated · FinanceBuzz · Oct 15
Summary
8,000 Social Security Administration jobs were cut between January 2025 and April 2026, prompting Mark Cuban to warn the service reductions amount to a “back door” benefit cut for retirees.
33 states lost at least 10% of SSA staff in fiscal 2025, some field offices lost a quarter or more of workers, and rural offices closed, raising hurdles for claims, appeals and payment problems.
0.6 minutes was the agency’s reported average answer time on its 800 number in July 2026, down from 8 minutes a year earlier, but that excludes callback waits that averaged 1 hour and 2 minutes in September 2025.
2032 is when the OASI trust fund is projected to run dry, with the 2026 trustees report pointing to a roughly 22% benefit cut afterward, adding longer-term pressure beyond the staffing dispute.