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Josephine Nesbit

Here’s How You May Lose $18,100 in Social Security in 2033 and What To Do About It

fizkes / Getty Images/iStockphoto

The latest Social Security Trustees Report shows that the program could face a benefit cut as early as 2034, only paying roughly 81% of scheduled benefits if Congress takes no action. But another estimate from the Committee for a Responsible Federal Budget (CRFB) shows something even more dire.

Be Aware: Social Security Full Retirement Age Went Up This Month — Why It May Continue To Rise

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