CBO – The 2012 Long-Term Projections for Social Security

by Sabrina I. Pacifici on October 2, 2012

The 2012 Long-Term Projections for Social Security: Additional Information

  • “Outlays for Social Security totaled a little under $800 billion in fiscal year 2012, equal to about 5 percent of gross domestic product and one-fifth of federal spending. Of the 56 million people who currently receive Social Security benefits, about 70 percent are retired workers or their spouses and children, and another 11 percent are survivors of deceased workers; all of those beneficiaries receive payments through the Old-Age and Survivors Insurance (OASI) component of Social Security. The other 19 percent of beneficiaries are disabled workers or their spouses and children; they receive Social Security’s Disability Insurance (DI) benefits.”
  • Supplemental Data for CBO’s 2012 Long-Term Projections for Social Security
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