CBO’s 2015 Long-Term Projections for Social Security: Additional Information

December 16, 2015

Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted in 2029. In that case, benefits in 2030 would need to be reduced by 29 percent from the scheduled amounts.

A subsequent version of this report was published in December 2016.

Data and Supplemental Information

Corrections and Updates

For reasons explained in the CBO Blog, the agency reposted this document with corrections to Exhibit 10 (on page 16) and Exhibit 12 (on page 18) on February 10, 2016. The original results were posted on December 15, 2015. CBO then reposted the document with a correction to page 1 on December 13, 2016.