Based on the Trustee's projections, combined Social Security benefits could be cut by 20 percent in 2034 without legislative action

Percent of GDP

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Source: Social Security AdministrationEmbed Download image

Note: The Old-Age & Survivors Insurance trust fund is projected to be depleted in 2034 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 2097.