Combined Social Security benefits could be cut by 19 percent in 2034 without legislative action

% of GDP

Source: Social Security Administration Download image
Note: The Social Security trust funds are combined on a hypothetical basis, but actually they operate separately. The Old-Age & Survivors Insurance Trust Fund is projected to be depleted in 2033 and lead to a 23 percent cut in benefits that year; the Disability Insurance Trust Fund is not projected to become depleted during the 75-year period ending in 2099.