Old-Age and Survivors Insurance Trust Fund, 1937-97[ In millions] | ||||
Calendar year | Total receipts | Total expenditures | Net increase during year | Amount at end of year |
1937 | $767 | $1 | $766 | $766 |
1938 | $375 | $10 | $366 | $1,132 |
1939 | $607 | $14 | $592 | $1,724 |
1940 | $368 | $62 | $306 | $2,031 |
1941 | $845 | $114 | $731 | $2,762 |
1942 | $1,085 | $159 | $926 | $3,688 |
1943 | $1,328 | $195 | $1,132 | $4,820 |
1944 | $1,422 | $238 | $1,184 | $6,005 |
1945 | $1,420 | $304 | $1,116 | $7,121 |
1946 | $1,447 | $418 | $1,029 | $8,150 |
1947 | $1,722 | $512 | $1,210 | $9,360 |
1948 | $1,969 | $607 | $1,362 | $10,722 |
1949 | $1,816 | $721 | $1,094 | $11,816 |
1950 | $2,928 | $1,022 | $1,905 | $13,721 |
1951 | $3,784 | $1,966 | $1,818 | $15,540 |
1952 | $4,184 | $2,282 | $1,902 | $17,442 |
1953 | $4,359 | $3,094 | $1,265 | $18,707 |
1954 | $5,610 | $3,741 | $1,869 | $20,576 |
1955 | $6,167 | $5,079 | $1,087 | $21,663 |
1956 | $6,697 | $5,841 | $856 | $22,519 |
1957 | $7,381 | $7,507 | ($126) | $22,393 |
1958 | $8,117 | $8,646 | ($528) | $21,864 |
1959 | $8,584 | $10,308 | ($1,724) | $20,141 |
1960 | $11,382 | $11,198 | $184 | $20,324 |
1961 | $11,833 | $12,432 | ($599) | $19,725 |
1962 | $12,585 | $13,973 | ($1,388) | $18,337 |
1963 | $15,063 | $14,920 | $143 | $18,480 |
1964 | $16,258 | $15,613 | $645 | $19,125 |
1965 | $16,610 | $17,501 | ($890) | $18,235 |
1966 | $21,302 | $18,967 | $2,335 | $20,570 |
1967 | $24,034 | $20,382 | $3,652 | $24,222 |
1968 | $25,040 | $23,557 | $1,483 | $25,704 |
1969 | $29,554 | $25,176 | $4,378 | $30,082 |
1970 | $32,220 | $29,848 | $2,371 | $32,454 |
1971 | $35,877 | $34,542 | $1,335 | $33,789 |
1972 | $40,050 | $38,522 | $1,528 | $35,318 |
1973 | $48,344 | $47,175 | $1,169 | $36,487 |
1974 | $54,688 | $53,397 | $1,291 | $37,777 |
1975 | $59,605 | $60,395 | ($790) | $36,987 |
1976 | $66,276 | $67,876 | ($1,600) | $35,388 |
1977 | $72,412 | $75,309 | ($2,897) | $32,491 |
1978 | $78,094 | $83,064 | ($4,971) | $27,520 |
1979 | $90,274 | $93,133 | ($2,860) | $24,660 |
1980 | $105,841 | $107,678 | ($1,837) | $22,823 |
1981 | $125,361 | $126,695 | ($1,334) | $21,490 |
1982 | $125,198 | $142,119 | $598 | $22,088 |
1983 | $150,584 | $152,999 | ($2,416) | $19,672 |
1984 | $169,328 | $161,883 | $7,445 | $27,117 |
1985 | $184,239 | $171,150 | $8,725 | $35,842 |
1986 | $197,393 | $181,000 | $3,239 | $39,081 |
1987 | $210,736 | $187,668 | $23,068 | $62,149 |
1988 | $240,770 | $200,020 | $40,750 | $102,899 |
1989 | $264,653 | $212,489 | $52,164 | $155,063 |
1990 | $286,653 | $227,519 | $59,134 | $214,197 |
1991 | $299,286 | $245,634 | $53,652 | $267,849 |
1992 | $311,162 | $259,861 | $51,301 | $319,150 |
1993 | $323,277 | $273,104 | $50,173 | $369,322 |
1994 | $328,271 | $284,133 | $44,138 | $413,460 |
1995 | $342,801 | $297,760 | $45,041 | $458,502 |
1996 | $363,741 | $308,217 | $55,524 | $514,026 |
1997 | $397,169 | $322,073 | $75,096 | $589,121 |
Note: The annual net increase in the fund is the change in the assets from the end of one year to the end of the next. In 1982, the fund borrowed money from the Disability Insurance and Hospital Insurance Trust Funds, and repaid the borrowed amounts in 1985 and 1986. For each of these years, the net increase in the fund is equal to total amounts repaid. | ||||
Office of the Chief Actuary Social Security Administration February 19, 1998 |