Figure 1: Social Security is projected to add more than $5 trillion to federal debt by 2032

Annual deficit contribution by component, billions of dollars

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Source: Congressional Budget Office, "Details about Baseline Projections for Selected Programs" and "The Long-Term Budget Outlook Data: 2026 to 2056."

Note: 'Social Security' refers to the combined Old-Age, Survivors, and Disability Insurance (OASDI) program.