Federal Budget in Pictures

Social Security Deficits: Permanent and Growing

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Social Security began running cash-flow deficits in 2010, paying out $51 billion more in benefits than the program received in payroll taxes that year. Without reforms, Social Security's cash-flow deficits will rise rapidly and will quadruple in less than 20 years, when its combined trust fund would be exhausted.

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INFLATION-ADJUSTED DOLLARS (2014)

Social Security Deficits: Permanent and Growing

Source: Social Security Administration.