In 2010,Social Security payouts exceeded payins for the first time in history.

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This statement is true. In 2010, Social Security payouts (i.e. benefits paid to retirees, dependents, and disabled individuals) exceeded payins (i.e. taxes collected from current workers) for the first time since the program was established in 1935. This trend is expected to continue as the number of beneficiaries grows relative to the number of workers paying into the system.

In 2010,Social Security Payouts Exceeded Payins for the First Time