CBO’s 2011 Long-Term Projections for Social Security: “CBO’s first infographic, released in conjunction with CBO’s 2011 Long-Term Projections for Social Security: Additional Information, summarizes some of the agency’s most recent projections for Social Security and provides background information on the program, including the number of beneficiaries and their distribution (among retired workers, disabled workers, and others), an explanation of how Social Security benefits are calculated, and a history of Social Security legislation since 1935.”
CBO’s 2011 Long-Term Projections for Social Security: Additional Information, August 5, 2011 – Social Security is the federal government’s largest single program. About 56 million people will receive Social Security benefits this year, the Congressional Budget Office (CBO) estimates. About 69 percent are retired workers, their spouses, and children, and another 12 percent are survivors of deceased workers; all of those beneficiaries receive payments through Old-Age and Survivors Insurance (OASI). The other 19 percent are disabled workers or their spouses and children; they receive Disability Insurance (DI) benefits. CBO projects that in fiscal year 2011, Social Security’s outlays will total $733 billion, one-fifth of the federal budget; OASI payments will account for about 82 percent of those outlays, and DI payments, about 18 percent.”
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