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HomeBusinessThe U.S. is updating its Social Security estimates. Here’s what you need...

The U.S. is updating its Social Security estimates. Here’s what you need to know.


A government report due out later Monday will issue fresh estimates of the budget outlook for Social Security, which provides critical benefits for retirees, workers’ survivors and some people with disabilities. The report is expected to warn of automatic benefit cuts starting in the 2030s because the program is paying out more than it takes in, which will eventually exhaust its trust fund.



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