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- Report
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
As ordered reported by the House Committee on Natural Resources on September 18, 2019
- Cost Estimate
Letter to the Honorable John Larson
- Report
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
Analysis of Effects on Social Security of H.R. 860, as introduced on January 30, 2019
- Report
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
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.
- Blog Post
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
If current laws generally remained unchanged, large budget deficits would boost federal debt to unprecedented levels over the next 30 years, CBO projects.
- Report
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.