SOURCE: Data from the Congressional Budget Office, The 2012 Long-Term Budget Outlook, June 2012. Compiled by PGPF.
By CBO's account, the number of people aged 65 and over will increase by almost 90 percent over the next 25 years. As a result, spending on Social Security as a share of GDP will climb by almost 25 percent — from 5 percent of GDP in 2012 to 6.2 percent of GDP in 2037.
This chart appeared as part of PGPF's analysis of Congressional Budget Office's 2012 Long-Term Budget Outlook. To read the full report, click here.
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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)