Social Security
- Blog Post
Director’s Statement on The 2019 Long-Term Budget Outlook
In our extended baseline projections in The 2019 Long-Term Budget Outlook, budget deficits drive federal debt held by the public to unprecedented levels.
- Report
The 2019 Long-Term Budget Outlook
If current laws generally remained unchanged, large budget deficits would boost federal debt to unprecedented levels over the next 30 years, CBO projects.
- Report
Federal Mandatory Spending for Means-Tested Programs, 2009 to 2029
Under current law, outlays for federal mandatory means-tested programs would grow over the next decade at an average annual rate of 4 percent, whereas spending for mandatory non–means-tested programs would grow at an average rate of almost 6 percent, CBO projects.
- Presentation
Overlapping Generations Model Roundtable: Model Comparisons From a Stylized Social Security Experiment
Presentation by Kerk Phillips, an analyst in CBO’s Macroeconomic Analysis Division, at the National Tax Association’s 49th annual Spring Symposium.
- Report
Updated Budget Projections: 2019 to 2029
CBO projects a deficit of $896 billion for 2019—$1 billion less than the deficit it projected in January. Federal debt held by the public is projected to grow from 78 percent of gross domestic product in 2019 to 92 percent in 2029.
- Blog Post
CBO Releases an Interactive Tool for Analyzing the Effects of Certain Social Security Policies
This interactive tool lets users select different combinations of policies and see the effect on the finances of the Social Security system, as well as the impact on different groups of people.
- Interactive
How Changing Social Security Could Affect Beneficiaries and the System's Finances
This interactive tool lets the user explore seven policy options that could be used to improve the finances of the Social Security program and delay the exhaustion of its trust funds.
- Report
Social Security Replacement Rates and Other Benefit Measures: An In-Depth Analysis
This report and the accompanying interactive tool present CBO’s analysis of whether Social Security benefits enable retired workers to meet their basic needs and the extent to which benefits replace preretirement earnings.
- Report
The Budget and Economic Outlook: 2019 to 2029
In CBO’s projections, deficits remain large by historical standards, and federal debt grows to equal 93 percent of GDP by 2029. As the effects of fiscal stimulus wane, projected economic growth falls back below the historical average.
- Report
Options for Reducing the Deficit: 2019 to 2028
CBO periodically issues a volume of options—this year’s installment presents 121—that would decrease federal spending or increase federal revenues. CBO’s website allows users to filter options by topic, date, and other categories.