The Social Security Solvency Issue

Most agree that there is a problem in Social Security regarding the solvency issue; however, reports vary on how severe the issue is. The two estimates that hold the most weight come from the Social Security Trustees and the Congressional Budget office. These two reports show that there is indeed a problem and that Social Security is assuredly on a path to insolvency in the near future. The variance between the two is a result of their estimation methods and only lead to a solvency deadline that differs by 5 years. For more information visit this article from the Committee for a Responsible Federal Budget.

 

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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