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Industry thought leaders share their predictions for 2023.

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The Congressional Budget Office projects that the Social Security trust funds would no longer have the financing to be able to pay full benefits to recipients by 2033 without adjustments to the program, according to the office’s report released in December.

The report shows that if the program continues to pay benefits as scheduled under the current law then the gap between the trust funds’ payments and income would reach zero in 2033, leaving it without sufficient balance to cover scheduled payments.

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