First of 78 Million Baby Boomers Retiring

First of 78 Million Baby Boomers Retiring Social Security Expenditures in Billions of 2005 Dollars $1,200 Year-to-Year Change $1,053 Increase Decrease $1,023 $1,000 -0.5% decrease from 1998 to 1999. (only decrease) $800 $600 $400 $200 $0 1962 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 Source: Office of Management and Budget, Historical Tables: Budget of the United States Government, Fiscal Year 2012, 2011,Table 3.2, p. 57. Chart 6 • CDA 12-02 T heritage.org