The Future of Social Security


Finances of the U.S. Social Security System

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(Congressional Budget Office)

Under present laws, Social Security will exhaust its trust funds in 2038, and would have to cut benefits by 19 percent to match payroll-tax revenues. Because of the population growth of older citizens, Social Security spending would rise to 6.1 percent of the economy in 2035, from 4.9 percent in 2010.

Next: The Worker-to-Beneficiary Ratio

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