Social Security outlays will continue to outpace program revenues

Social Security outlays will continue to outpace program revenues

Social Security Outlays and Revenues (% of GDP)

Source: Congressional Budget OfficeEmbed Download image

Notes: Combined, the trust funds are projected to be depleted in 2034 and lead to a 23 percent reduction in benefits in 2035. After that point, payable benefits would be set equal to program revenues.