Income Security


Income Security Summary

 

According to the Office of Management and Budget of the Executive Branch of the Federal Government, the expenditures for Income Security went from $431 billion in FY 2008 to $541 billion in FY 2012. By FY2013, these expenditures were $537 billion and constituted 16% of the Federal budget.

 

Summary of Income Security

 

Income security expenditures are made up of the following programs:

 

General Retirement and Disability Insurance (excluding the Social Security Program) 1%, Federal Retirement and Disability Insurance 25%, Unemployment Compensation 13%, Housing Assistance 9%, Food and Nutrition Assistance 20%, and Other 32%.

 

Income Security Chart

 

As you can see in the chart below the big increases between FY 2008 and FY 2013 were in Federal Retirement and Disability Insurance, Unemployment Compensation, and Food and Nutrition Assistance.

 

Program

FY2008

FY2009

FY2010

FY2011

FY2012

FY2013

FY2014
Gen Retire&Disab Ins

8,899

8,218

6,564

6,697

7,760

8,001

7,282
Fed Retire&Disab Ins

108,998

118,119

119,867

124,450

122,388

133,567

140,878
Unemploy Comp

45,340

122,537

160,145

120,556

93,771

82,618

59,683
Housing Assistance

40,556

50,913

58,651

55,440

47,948

57,611

53,264
Food&Nutrion Asst

60,673

79,080

95,110

103,199

106,871

112,170

105,477
Other

166,847

154,357

181,873

187,010

162,606

170,027

175,232

431,313

533,224

622,210

597,352

541,344

563,994

541,816