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Social Security and the More Subtle Impact of COVID-19
It doesn’t take a lot of deep thought to recognize the relationship between Social Security’s well-known solvency problem and the more immediate impact of stunning workforce casualties of the coronavirus pandemic. With about a tenth of the entire workforce filing for unemployment over the past three weeks, it’s easily understood that the primary funding stream for Social Security benefits–payroll taxes–is being severely impacted. MarketWatch’s Paul Brandus examines this issue in detail in a post on their website today. Check it out here,,,
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