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The Peter G. Peterson Foundation presents a primer on the federal budget.
The retirement of the large baby boom generation will sharply push up the number of people claiming benefits each year.
Policymakers should work together to stabilize and strengthen this important program for generations to come.
The combined Old Age and Survivors’ Insurance and Disability Insurance Trust Funds, commonly referred to as the “Social Security Trust Funds,” will be fully depleted by 2033.