The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us
Policies & Impacts

Social Security Will Be Bankrupt by 2033 on Current Trajectory: CBO Report

Social Security Will Be Bankrupt by 2033 on Current Trajectory: CBO Report
In this photo illustration, a social security card sits alongside checks from the U.S. Treasury in Washington on Oct. 14, 2021. Kevin Dietsch/Getty Images
Naveen Athrappully
Naveen Athrappully
Reporter
1/23/2023|Updated: 1/23/2023
0:00

A recent report by the Congressional Budget Office (CBO) projects that two major Social Security funds in the United States will dry out in the coming decades, with one of them running out within the next 10 years as younger members in the programs are set to lose more than older members.

“If the gap between the trust funds’ outlays and income occurs as CBO projects, then the balance in the trust funds will decline to zero in 2033 and the Social Security Administration will no longer be able to pay full benefits when they are due,” the CBO stated in its report, published in December (pdf).
Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
Author’s Selected Articles

US National Guard Surpasses 2025 Recruitment Targets

Sep 25, 2025
US National Guard Surpasses 2025 Recruitment Targets

AI-Generated ‘Workslop’ Masquerades as Good Work, Ruins Productivity: Harvard Review

Sep 25, 2025
AI-Generated ‘Workslop’ Masquerades as Good Work, Ruins Productivity: Harvard Review

Baby Food Recall Expands to 28 US States

Sep 25, 2025
Baby Food Recall Expands to 28 US States

IRS to Begin Phasing Out Tax Refund Paper Checks

Sep 24, 2025
IRS to Begin Phasing Out Tax Refund Paper Checks
Related Topics
Social Security
Add to My List
Save
The Epoch Times
To ensure we reach the high standards of reliability and neutrality that you expect from us, we are engaging with Ad Fontes Media to analyze our content. If you find an article you think falls short of the standard, please submit the link through this form.
Copyright © 2000 - 2025 The Epoch Times Association Inc. All Rights Reserved.