Oct 2, 2024 · CBO projects Social Security’s finances under current law and analyzes a wide variety of possible changes to the law. In CBO’s projections, the U.S. population increases from 350 million people in 2025 to 372 million in 2055, and the average age rises.

Aug 28, 2024 · In this report, the Congressional Budget Office describes its 75-year projections for the Social Security program. One set of projections reflects a scenario in which the program continues to pay retirement, disability, and related benefits as scheduled under current law, regardless of whether the program’s two trust funds have sufficient ...

The Congressional Budget Office’s long-term projections for Social Security follow CBO’s 10-year baseline budget projections and then extend most of the concepts underlying those projections.

Sep 17, 2024 · Following is the key portion of the Congressional Budget Office estimate of bills pending in Congress to repeal the windfall elimination provision and government pension offset provisions of...

Sep 3, 2024 · The Congressional Budget Office (CBO) recently published its long-term Social Security projections, which show that time is running out to restore solvency to the program.

Sep 28, 2024 · Scoring from the Congressional Budget Office from earlier this month estimated that the Social Security Fairness Act could cost upward of $190 billion over a decade — a figure that’s been...

Sep 13, 2024 · The Congressional Budget Office (CBO) released a new report that estimates the benefit payment schedule of the Social Security program, saying that the Old-Age and Survivors Insurance...

Feb 15, 2023 · Social Security spending will almost double, from $1.2 trillion in fiscal 2022 to almost $2.4 trillion in 2033, the CBO estimated. As a percentage of gross domestic product (GDP), it will...

While Congress does not set the amount of benefits we pay each year, they decide funding for our administrative budget. Our administrative budget provides resources to administer Social Security and SSI programs as well as certain aspects of the Medicare program.

Oct 21, 2024 · According to the Congressional Budget Office, the Social Security trust funds will become insolvent by 2034. Without congressional and presidential action to raise revenues, benefits would be...