Social Security
- Report
The Outlook for Major Federal Trust Funds: 2020 to 2030
CBO projects that the balances held by federal trust funds will fall by $43 billion in fiscal year 2020. Spending from the trust funds is projected to exceed income by $18 billion in 2021, a deficit that grows to $502 billion by 2030.
- Report
Baseline Budget Projections as of March 6, 2020
As usual, CBO has produced spring baseline budget projections to reflect recent legislation and technical changes. Those projections are based on the agency’s January economic forecast and do not account for changes arising from the current public health emergency.
- Report
The Budget and Economic Outlook: 2020 to 2030
In CBO’s projections of the outlook under current law, deficits remain large by historical standards, federal debt grows to 98 percent of GDP by 2030, and the economy expands at an average annual rate of 1.7 percent from 2021 to 2030.
- Report
CBO’s Long-Term Social Security Projections: Changes Since 2018 and Comparisons With the Social Security Trustees’ Projections
In June 2019, CBO updated its long-term budget projections, including projections of the Social Security system’s finances. CBO compares those projections with its 2018 projections and with the Social Security trustees’ latest projections.
- Cost Estimate
Additional Information About the Effects on Social Security of H.R. 860, the Social Security 2100 Act
Letter to the Honorable John Larson
- Cost Estimate
H.R. 2189, Digital Coast Act
As ordered reported by the House Committee on Natural Resources on September 18, 2019
- Report
Employment of People Ages 55 to 79
From 1995 to 2018, the share of people ages 55 to 79 who were employed increased from 33 percent to 44 percent. CBO examines the changing demographic characteristics of older people and the effects several factors may have on their rate of employment.
- Cost Estimate
H.R. 860, Social Security 2100 Act
Analysis of Effects on Social Security of H.R. 860, as introduced on January 30, 2019
- Report
CBO’s 2019 Long-Term Projections for Social Security: Additional Information
In lieu of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Report
An Update to the Budget and Economic Outlook: 2019 to 2029
In CBO’s projections, federal budget deficits remain large by historical standards, and federal debt grows to equal 95 percent of GDP by 2029. Economic growth is expected to slow from 2.3 percent in 2019 to a rate that is below its long-run historical average.