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Today’s Lead Story
Sunday, May 17

Retirement

Social Security's Trust Fund Now Projected to Run Out in 2032, a Year Sooner Than Expected

via Congressional Budget Office

The CBO now projects Social Security's retirement trust fund will run dry in 2032, a year earlier than previous estimates. Without congressional action, benefits could be cut automatically by roughly 23%.

Why it matters

Workers and retirees depending on Social Security may need to rethink long-term income plans if Congress does not close the funding gap before 2032.

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