Social Security Deficits Are Permanent and Set to Quadruple in Less Than 20 Years
Social Security began running deficits in 2010, paying out nearly $50 billion more in benefits than the program received in payroll taxes. Without reforms, Social Security's deficits will rise rapidly and will quadruple in less than 20 years.
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INFLATION-ADJUSTED DOLLARS (2013)
Source: Social Security Administration.