Social Security
Primary tabs
-
Report
CBO’s 2016 Long-Term Projections for Social Security: Additional Information
December 21, 2016Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted in 2029. In that case, benefits in 2030 would need to be reduced by 29 percent from the scheduled amounts.
-
Report
Options for Reducing the Deficit: 2017 to 2026
December 8, 2016CBO periodically issues a volume of options—this year’s installment presents 115—that would decrease federal spending or increase federal revenues over the next decade. The report is available both as a PDF and in a searchable format.
-
Report
Testimony on Comparing CBO’s Long-Term Projections With Those of the Social Security Trustees
September 21, 2016Both CBO and the Social Security Trustees project a shortfall in Social Security finances but they differ in their assessment of its magnitude. This testimony describes that difference and the major factors that contribute to it.
-
Report
Social Security Disability Insurance: Participation and Spending
June 15, 2016In 2015, Social Security Disability Insurance (DI) benefit payments totaled $143 billion. CBO examines approaches that could improve the financial sustainability of the DI program and delay exhaustion of the DI trust fund past 2022.
-
Report
Social Security Policy Options, 2015
December 15, 2015CBO analyzes 36 policy options commonly proposed by policymakers and analysts. Most of them would improve Social Security’s long-term finances, but only a few would significantly postpone the combined trust funds’ exhaustion date.