Social Security 2024 Summary Report. In 2034, social security revenues are projected to equal 75 percent of the program’s scheduled outlays, resulting in a 25 percent shortfall. The social security act requires that the board, among other duties, report annually to the congress on the financial and actuarial status of the hi and smi trust funds.

Your social security statement (statement) is available to view online by opening a my social security account. In 2034, social security revenues are projected to equal 75 percent of the program’s scheduled outlays, resulting in a 25 percent shortfall.