Social Security
- Cost Estimate
H.R. 82, Social Security Fairness Act of 2023
As introduced in the House of Representatives on January 9, 2023
- Report
CBO’s 2024 Long-Term Projections for Social Security
In CBO’s projections, spending for Social Security rises relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the balances in the program’s trust funds would be exhausted in fiscal year 2034.
- Report
Part 2 of Answers to Questions for the Record Following a Hearing on An Update to the Budget and Economic Outlook: 2024 to 2034
The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to 18 of the 29 questions submitted for the record.
- Report
Part 1 of Answers to Questions for the Record Following a Hearing on An Update to the Budget and Economic Outlook: 2024 to 2034
The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to 11 of the 29 questions submitted for the record.
- Presentation
CBO’s Projection of the Distribution of Wage Earnings
Presentation by James Pearce, an analyst in CBO’s Tax Analysis Division, at the NBER Summer Institute 2024: Economics of Social Security.
- Report
Effects of the Immigration Surge on the Federal Budget and the Economy
An increase in immigration over the 2021–2026 period boosts federal revenues as well as mandatory spending and interest on the debt in CBO’s baseline projections, lowering deficits, on net, by $0.9 trillion over the 2024–2034 period.
- Report
Answers to Questions for the Record Following a Hearing on Social Security’s Finances
The Subcommittee on Social Security of the House Committee on Ways and Means convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
- Report
Testimony on Social Security’s Finances
CBO’s Director, Phillip Swagel, testifies before the House Ways and Means Committee’s Subcommittee on Social Security about the significant financial challenge the program faces in the coming decades.
- Presentation
The Federal Budget and Health Care Policy
Presentation by Phillip Swagel, CBO’s Director, at a conference organized by the Economic Policy Innovation Center and the Paragon Health Institute.
- Presentation
CBO’s Work on Health Care and a Call for New Research
Presentation by Chapin White, CBO’s Director of Health Analysis, at the David Rogers Health Policy Colloquium, Weill Cornell Medicine.