The Future of Social Security

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Finances of the U.S. Social Security System

(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.

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