Social Security Benefits Predicted to Run Out Earlier Than Expected: Report
Andreea Neblea
The trust fund that pays Social Security Administration (SSA) retirement and survivor benefits is now projected to run out of money sooner than expected, according to a new federal budget analysis. A new report from the Congressional Budget Office (CBO) shows the Old-Age and Survivors Insurance (OASI) Trust Fund is now on track to be depleted in 2032, a year ahead of earlier projections. Roughly 70 million Americans receive SSA benefits, making it one of the most significant sources of
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