ReportOctober 27, 2017
This report explains the changes to CBO’s long-term Social Security projections since last year. Compared with those made in July 2016, CBO’s latest projections indicate a slight improvement in the financial outlook for Social Security.
ReportOctober 20, 2017
This report explains the various measures and approaches for quantifying the adequacy of retirement income, providing a framework for further analysis.
ReportMarch 30, 2017
If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
ReportDecember 8, 2016
CBO periodically issues a volume of options—this year’s installment presents 115—that would decrease federal spending or increase federal revenues over the next decade. The report is available both as a PDF and in a searchable format.
ReportSeptember 21, 2016
Both CBO and the Social Security Trustees project a shortfall in Social Security finances but they differ in their assessment of its magnitude. This testimony describes that difference and the major factors that contribute to it.
ReportJune 15, 2016
In 2015, Social Security Disability Insurance (DI) benefit payments totaled $143 billion. CBO examines approaches that could improve the financial sustainability of the DI program and delay exhaustion of the DI trust fund past 2022.
ReportDecember 15, 2015
CBO analyzes 36 policy options commonly proposed by policymakers and analysts. Most of them would improve Social Security’s long-term finances, but only a few would significantly postpone the combined trust funds’ exhaustion date.