As the population ages, fewer workers will be paying taxes to support Social Security beneficiaries
May 01, 2012
SOURCE: Data from the Social Security Administration, 2012 Trustees Report. Compiled by PGPF.
Over the next twenty years, 77 million members of the baby boom generation will move into old age, swelling the ranks of entitlement beneficiaries. The number of working-age adults available to support those beneficiaries will not keep pace.
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Social Security Deficits through 2035
Growing Social Security Deficits
The Aging of the U.S. Population
Major Drivers: Health Care Costs and Aging
Long Term Spending Projections and Health Care
Peter G. Peterson Foundation Chart Pack:
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of charts, we aim to frame the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context. Download (.PDF)