Oct 2, 2024 · CBO projects Social Security’s finances under current law and analyzes a wide variety of possible changes to the law. In CBO’s projections, the U.S. population increases from 350 million people in 2025 to 372 million in 2055, and the average age rises.

The Congressional Budget Office’s long-term projections for Social Security follow CBO’s 10-year baseline budget projections and then extend most of the concepts underlying those projections.

Aug 28, 2024 · In this report, the Congressional Budget Office describes its 75-year projections for the Social Security program. One set of projections reflects a scenario in which the program continues to pay retirement, disability, and related benefits as scheduled under current law, regardless of whether the program’s two trust funds have sufficient ...

While Congress does not set the amount of benefits we pay each year, they decide funding for our administrative budget. Our administrative budget provides resources to administer Social Security and SSI programs as well as certain aspects of the Medicare program.

This Budget ensures we will deliver accessible Social Security services to all eligible individuals, while maintaining rigorous stewardship and oversight of our programs. Our programs must reach underserved communities and people potentially facing barriers to accessing our services,

FY 2024 Congressional Justification 1 . SOCIAL SECURITY ADMINISTRATION . FY 2024 PRESIDENT'S BUDGET . Key Tables . Table i.1 - Summary Table of SSA’s Appropriation Request . 1. Excludes $15,800,000,000, previously reported in the FY 2023 President’s Budget as a first quarter advance for FY 2024. 2

Jul 5, 2023 · The Congressional Budget Office (CBO) recently published detailed long-term projections for Social Security that project the financial outlook for the program over the next 75 years.

Sep 17, 2024 · Following is the key portion of the Congressional Budget Office estimate of bills pending in Congress to repeal the windfall elimination provision and government pension offset provisions of...

Feb 15, 2023 · Social Security funds are set to start running a shortfall in 2032, one year earlier than previously expected, the director of the Congressional Budget Office (CBO) said on Tuesday.

In this report, the Congressional Budget Office describes its long-term projections for Social Security. One set of projections reflects a scenario in which the program continues to pay benefits as scheduled under current law, regardless of whether the program’s two trust funds have sufficient balances to cover those payments.