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