Social Security: Financially Sound — So Far — Owing to
Increased Revenue / Reduced Spending Post 1983 Reform, But ‘Operating Loss’ Resumed in 2009
Real Social Security Operating Income, 1957 — 2010
BO eee
Real Net Income of Social Security Program ($B)
1957 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005 2009
Note: *Data is adjusted for inflation using White House OMB’s GDP price index (based on BEA’s data). KP USA federal fiscal year ends in September; Source: Social Security Administration. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 131
Social Security: Enrollment Up 5x to 52 Million While Inflation-Adjusted
Annual Payments per Beneficiary Up 2x to $12K From 1957 to 2009
Real Annual Social Security Payments per Beneficiary & Enrollment, 1957 — 2009
BAA ILE — mee em = et ma i = ma i 9 Hs 60 mga Enrollment S $12,000 ------------ —— Annual Per Cap Benefits (in 2005 dollars) = = & E $10,000 . 2 40 — a = ee = a -_— 5 30 @ 5 E 3) GGROO - =~ =~ = ge - = aoe re < oO ¢ £ Ww 5 20 a $4000 | TH @ = ¢ aiid I 10 — $2,000 0 1957 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005 2009 P Note: Data are inflation adjusted using BEA’s GDP price index. Source: Social Security Administration. a USA Inc. | Income Statement Drilldown 132
HOUSE_OVERSIGHT_020907