Five key questions about the dwindling Social Security trust fund

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oncerns are rising over the future of Social Security as lawmakers on both sides discuss potential changes to extend the lifetime of the program, which risks running a shortfall in funds sooner than one might expect.

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report released by the Congressional Budget Office (CBO) warned the Social Security trust fund could run out of money by 2032 — a year earlier than previously thought — if Congress doesn’t make changes to bring in more revenue or reduce benefit payouts.

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hile the timeline isn’t set in stone, CBO Director Philip Swagel noted the new projection puts the exhaustion date within

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