Disability Insurance Trust Fund in Free Fall
Created on July 24, 2015
DOWNLOAD a high-resolution version of this graphic.
Read the original report, "Social Security Trustees: Disability Insurance Program Will Be Insolvent in 2016," by Rachel Greszler.
VIEW all graphics for this report.
In 1994, Congress raised the tax rate for SSDI by about 50 percent. The Social Security Trustees warned that Congress must implement SSDI reforms to ensure the program’s long-run solvency. Yet Congress did nothing, SSDI beneficiaries and costs surged, the Trust Fund rapidly declined, and it is now projected to be insolvent in 2016.
Notes: The SSDI tax rate shown is the combination of employee and employer contributions as a percent of taxable payroll. In 1994, the rate was increased from 1.2% to 1.88% for 1994–1996, 1.7% for 1997–1999, and 1.8% for 2000–current. Source: Social Security Administration, “Disability Insurance Trust Fund, 1957–2014,” http://www.ssa.gov/oact/STATS/table4a2.html (accessed July 14, 2015). Figures are adjusted for inflation in 2014 dollars using the Consumer Price Index.
CHART 1 • BG 3033
Tags: Social-Security, SSDI, disability-insurance