cumulative deficits from Social Security could add another $11.6 trillion to
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Medicaid and Social Security) as well as defense and other
deficits from Social Security could add $11.6 trillion (or 140%) to the
retirement and disability insurance is Social Security. Other spending includes public sector employee and veteran
we exclude Social Security and Medicare Trust Funds’ balances and interest income
Social Security will begin running an annual deficit as payments
Social Security expenses exceeded revenue every year
per estimates from CBO. Source: Social Security Administration.
826 (in 2005 dollars) in Social Security payments
447 (in 2005 dollars) in Social Security
But Social Security ‘Retirement Age’ Has
Social Security and Unemployment Insurance
full retirement age (with 100% Social Security benefit) remained at 65. For people
unless specified otherwise 2) As % of the estimated present value of Social Security trust fund
64% of America’s revenue went to Social Security