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The Social Security trust fund will become unable to pay scheduled benefits to retirees and the disabled as soon as 2034, new projections show — one year earlier than last year’s estimates.

Social Security could run out of funds to fully pay out benefits to millions of people in less than 10 years. CBS News MoneyWatch associate managing editor Aimee Picchi has the details.

The Medicare and Social Security trust funds are facing insolvency, with Social Security projected to cover only 81% of benefits by 2034 and Medicare just 89% of benefits by 2033.

According to a report by the Social Security Board of Trustees, the program is on track to deplete its trust fund by 2034, one year earlier than previously thought.

Two Republican senators spoke Tuesday about changes to Utah's 2034 Winter Olympics host contract, after comments previously made about pressure put on Utah and U.S. Olympic officials.

Football News: Saudi Arabia is set to partially lift its alcohol ban in 2026, a significant shift as it prepares for the 2034 FIFA World Cup. The move, part of Visio ...

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