The lens of the 2022 Social Security trustees report provides an important view of the state of our Social Security system. First, up until this point, COVID-19 has not had the negative impact that some thought it might have. Second, this year’s report is consistent with prior reports. Third, imminent changes are not expected; however, change must come.
Author: Bruce D. Schobel, FSA, MAAA, CLU, CEBS, is a consulting actuary in Winter Garden, Florida, who worked for SSA during 1979 through 1988 and has stayed involved in Social Security matters since then. He was staff actuary to the National Commission on Social Security Reform (the “Greenspan Commission”) that developed the framework for the Social Security Amendments of 1983.
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