Social Security Administration Budget 2022. We examine social security’s effects on poverty and on particular demographic groups. The social security administration is ringing alarm bells over what would be “devastating” impacts of flat agency funding, as congress looks to hammer out a continuing.
(note that the totals exceed 100%. Cbo projects that if social security paid benefits as scheduled, spending on the program would increase from 5.0 percent of gross domestic product (gdp) in 2022 to 7.0.