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[Graying of the National Budget: The Year 2020]

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Report Type Reports and Testimonies
Report Date Aug. 13, 1984
Report No. 124889
Subject
Summary:

Two members of the staff of the GAO Detroit Regional Office presented their views on the aging of the U.S. population. The authors stated that: (1) the increased number of elderly people in the United States impacts on income security, health care, and veterans' benefit programs; and (2) by the year 2020, 16 percent of the U.S. population will be 65 years of age or older. With respect to the impact on the budget of these trends, the authors noted that: (1) by 2020, income security programs will account for about 36 percent of federal expenditures; (2) by 2020, health care programs will account for about 11 percent of federal expenditures; and (3) spending for veterans' benefits should remain stable as a percentage of total federal expenditures.

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