Social Security’s Deficits to Triple in 10 Years

Social Security began running consecutive and permanent cash-flow deficits in 2010. The 2016 deficit amounted to $73 billion. Without program reforms, this gap between what the Treasury is collecting in payroll and Social Security income taxes and what is needed to pay benefits will triple in just 10 years.

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Date Produced: September 16, 2016

Source: Social Security Administration

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