The Congressional Budget Office projects more deaths than births in the U.S. by 2033, about seven years earlier than previous estimates, The Wall Street Journal reported.

The CBO, in its annual demographic outlook released Monday, estimated that the U.S. population will hit 350 million by the end of 2025, an increase of 4 million from the outlook released one year ago.

However, the CBO also estimated that the population will only rise to 372 million by 2054, a drop from the 383 million estimated a year ago, for a population growth rate of 6.3% over the next three decades.

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