CBO’s 2023 Long-Term Projections for Social Security


In CBO’s projections, spending for Social Security increases relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the program’s trust funds would be exhausted in fiscal year 2033.

Data and Supplemental Information

Corrections and Updates

On July 21, 2023, CBO reposted the file of projections underlying Social Security estimates with corrected values.