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The chart shows a forecast from an annual government report for the cost, in percent of GDP, of the federal government’s Social Security program for seniors through 2100. It shows the individual cost of the two major parts of Social Security: the Old Age and Survivors Insurance (OASI)program and the Disability Insurance (DI) program. See the Social Security Administration’s website for more details.
The numbers are obtained from the SSA’s Reports from the Trustees using numbers from two spreadsheets here.
The overall cost of both programs as a percent of GDP is obtained from a table called in 2023 Table VI.G2: “OASDI and HI Annual Income, Cost, and Balance as a Percentage of GDP, Calendar Years 1970-2095.” The breakdown in cost between OASI and DI was obtained form a table called in 2023 Table IV.B1: “Annual Income Rates, Cost Rates, and Balances, Calendar Years 1970-2095.” The names of the tables change slightly from year to year.
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Below is a formatted version of the data displayed in the chart.
Year | Social Security OASI percent GDP | Social Security DI percent GDP | ||||
2013 | 4.04 | a | 0.85 | a | ||
2014 | 4.07 | a | 0.83 | a | ||
2015 | 4.13 | a | 0.8 | a | ||
2016 | 4.15 | a | 0.78 | a | ||
2017 | 4.14 | a | 0.75 | a | ||
2018 | 4.16 | a | 0.72 | a | ||
2019 | 4.26 | a | 0.69 | a | ||
2020 | 4.56 | a | 0.7 | a | ||
2021 | 4.3 | a | 0.61 | a | ||
2022 | 4.31 | a | 0.58 | a | ||
2023 | 4.65 | e | 0.57 | e | ||
2024 | 4.78 | e | 0.58 | e | ||
2025 | 4.86 | e | 0.59 | e | ||
2026 | 4.92 | e | 0.6 | e | ||
2027 | 4.99 | e | 0.6 | e | ||
2028 | 5.07 | e | 0.59 | e | ||
2029 | 5.14 | e | 0.59 | e | ||
2030 | 5.21 | e | 0.58 | e | ||
2031 | 5.26 | e | 0.58 | e | ||
2032 | 5.3 | e | 0.58 | e | ||
2033 | 5.34 | e | 0.58 | e | ||
2034 | 5.37 | e | 0.58 | e | ||
2035 | 5.38 | e | 0.59 | e | ||
2036 | 5.39 | e | 0.6 | e | ||
2037 | 5.41 | e | 0.6 | e | ||
2038 | 5.41 | e | 0.61 | e | ||
2039 | 5.42 | e | 0.61 | e | ||
2040 | 5.41 | e | 0.62 | e | ||
2041 | 5.4 | e | 0.63 | e | ||
2042 | 5.38 | e | 0.64 | e | ||
2043 | 5.37 | e | 0.65 | e | ||
2044 | 5.36 | e | 0.65 | e | ||
2045 | 5.35 | e | 0.66 | e | ||
2046 | 5.34 | e | 0.67 | e | ||
2047 | 5.33 | e | 0.67 | e | ||
2048 | 5.33 | e | 0.67 | e | ||
2049 | 5.32 | e | 0.68 | e | ||
2050 | 5.33 | e | 0.68 | e | ||
2051 | 5.32 | e | 0.68 | e | ||
2052 | 5.33 | e | 0.68 | e | ||
2053 | 5.33 | e | 0.69 | e | ||
2054 | 5.34 | e | 0.69 | e | ||
2055 | 5.36 | e | 0.69 | e | ||
2056 | 5.38 | e | 0.69 | e | ||
2057 | 5.39 | e | 0.68 | e | ||
2058 | 5.42 | e | 0.68 | e | ||
2059 | 5.44 | e | 0.68 | e | ||
2060 | 5.47 | e | 0.67 | e | ||
2061 | 5.49 | e | 0.67 | e | ||
2062 | 5.51 | e | 0.67 | e | ||
2063 | 5.53 | e | 0.67 | e | ||
2064 | 5.55 | e | 0.67 | e | ||
2065 | 5.55 | e | 0.66 | e | ||
2066 | 5.57 | e | 0.66 | e | ||
2067 | 5.59 | e | 0.66 | e | ||
2068 | 5.6 | e | 0.66 | e | ||
2069 | 5.61 | e | 0.66 | e | ||
2070 | 5.63 | e | 0.65 | e | ||
2071 | 5.65 | e | 0.65 | e | ||
2072 | 5.66 | e | 0.65 | e | ||
2073 | 5.67 | e | 0.65 | e | ||
2074 | 5.68 | e | 0.65 | e | ||
2075 | 5.69 | e | 0.64 | e | ||
2076 | 5.69 | e | 0.64 | e | ||
2077 | 5.7 | e | 0.64 | e | ||
2078 | 5.7 | e | 0.63 | e | ||
2079 | 5.69 | e | 0.63 | e | ||
2080 | 5.67 | e | 0.63 | e | ||
2081 | 5.66 | e | 0.63 | e | ||
2082 | 5.64 | e | 0.63 | e | ||
2083 | 5.62 | e | 0.63 | e | ||
2084 | 5.59 | e | 0.63 | e | ||
2085 | 5.57 | e | 0.63 | e | ||
2086 | 5.54 | e | 0.63 | e | ||
2087 | 5.51 | e | 0.63 | e | ||
2088 | 5.48 | e | 0.63 | e | ||
2089 | 5.44 | e | 0.64 | e | ||
2090 | 5.42 | e | 0.64 | e | ||
2091 | 5.4 | e | 0.64 | e | ||
2092 | 5.38 | e | 0.65 | e | ||
2093 | 5.36 | e | 0.64 | e | ||
2094 | 5.34 | e | 0.65 | e | ||
2095 | 5.34 | e | 0.65 | e | ||
2096 | 5.33 | e | 0.65 | e | ||
2097 | 5.33 | e | 0.65 | e | ||
2098 | 5.33 | e | 0.65 | e | ||
2099 | 5.34 | e | 0.65 | e | ||
2100 | 5.34 | e | 0.65 | e | ||
Legend: Data source: Social Security Trustees Report, Table VI.G4 |
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Spending data is from official government sources.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of spending data sources here.
Medicare breakdown here; Medicaid breakdown here.
Federal spending data begins in 1792.
State and local spending data begins in 1820.
State and local spending data for individual states begins in 1957.
Debt Now: | $34,558,286,201,504.24 | Debt 2/2020: | $23,409,959,150,243.63 |
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Sources for 2013:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
Sources for 2100:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
> data sources for other years
> data update schedule.
On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025.
Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.
$ billion | Estimate for 2024 in FY2024 Budget | Estimate for 2024 in FY2025 Budget | Change |
Federal Outlays | $6,371.8 | $6,940.9 | +$569.1 |
Federal Receipts | $4,802.5 | $5,081.6 | +$279.1 |
Federal Deficit | $1,569.4 | $1,859.4 | +$290.0 |
You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.
Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.
Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.
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President’s FY 2025 Budget Release Scheduled for March 11
Although the FY 2024 appropriations process is not yet resolved
Biden to Release Budget March 9
will press McCarthy On Default Risk - Bloomberg
Biden to Release 2023 Budget Request on March 28
how the administration expects to spend money for priorities including aid to Ukraine and the continuing effort to fight the coronavirus pandemic, as well as legislative proposals such as increased funding for community policing programs, cancer research, and mental health education.
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presented by Christopher Chantrill