Social Security is facing significant cash shortfalls

Social Security Surpluses/Deficits (% of GDP)

Source: Social Security AdministrationEmbed Download image
Notes: Surplus/deficit numbers exclude interest income. The Social Security trust funds are combined on a hypothetical basis, but actually operate separately. The Old-Age & Survivors Insurance Trust Fund is projected to be depleted in 2033 and lead to a 21 percent cut in benefits that year; the Disability Insurance Trust Fund is not projected to become depleted during the 75-year period ending in 2098.