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NEW PROJECTIONS: Social Security’s Trust Funds Could Deplete This Decade
| From | Shai Akabas <[email protected]> |
| Subject | NEW PROJECTIONS: Social Security’s Trust Funds Could Deplete This Decade |
| Date | April 27, 2020 1:11 PM |
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TgxMi0wMDBkM2ExYmI3YmI&K=3DsjA6N0pAJIGWOdRg_xMwfQ"> <center>COVID-19 May De=
plete Social Security Trust Funds This Decade </center></a>
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
Following last week=E2=80=99s release of the Social Se=
curity <a style=3D"color:#3687E7" href=3D"[link removed]
/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTk=
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WQ9OGE0ZDNjNTktNTk4Ni1lYTExLWE4MTItMDAwZDNhMWJiN2Ji&K=3DDtHDDqIn2c8maouis-d=
pWg">trustees=E2=80=99 2020 report</a>, the Bipartisan Policy Center estima=
ted the potential impact of COVID-19 on the program=E2=80=99s trust funds. =
Our preliminary analysis included several scenarios. <strong>Under assumpti=
ons where the current economic downturn has severity and impacts similar to=
the Great Recession and its aftermath, the Old-Age and Survivor Insurance =
(OASI) trust fund would deplete its reserves in 2029, with the Disability I=
nsurance (DI) trust fund coming even sooner, in 2024.</strong>
Read our analysis <a style=3D"color:#3687E7" href=3D"[link removed]
ensions.com/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1=
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WMlMjBQb2xpY3kmZXNpZD04YTRkM2M1OS01OTg2LWVhMTEtYTgxMi0wMDBkM2ExYmI3YmI&K=3D=
t4te1Gj6540X8dkeWmihMg">here</a> and stay tuned for a full report with upda=
ted projections in the coming months.
</p>
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<CENTER>More of Our Recent Content on COVID-19 and Soci=
al Security</center>
</div>
</td>
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</td>
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=20
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<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
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lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
<ul> <li> <p style=3D"font-family: 'Faustina', s=
erif; margin: 0 15px; font-size: 14px;">Last week, we were joined by Chief =
Actuary of the Social Security Administration Stephen Goss and others for a=
recorded webinar available on our website: <a
style=3D "color: #3687E7"
href=3D"[link removed]
E3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTkzZjAw%3AYi5p=
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MDIwLXJlcG9ydC8_X2NsZGVlPVlpNXBaMnBoWTJ0aWRXeDNZWEpyUUdkdFlXbHNMbU52YlElM2Q=
lM2QmcmVjaXBpZW50aWQ9Y29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny=
0wODMyN2Q3NDFlMzI0ZGRhYmViOTgwNzIxNjNmYzQ5ZCZ1dG1fc291cmNlPUNsaWNrRGltZW5za=
W9ucyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qcm9qZWN0JTIwVXBkYXRlJTIwJTdD=
JTIwRWNvbm9taWMlMjBQb2xpY3kmZXNpZD04YTRkM2M1OS01OTg2LWVhMTEtYTgxMi0wMDBkM2E=
xYmI3YmI&K=3DZ4u9gDIa98GHfRYH8XJlrA">The Impact of COVID-19 on Social Secur=
ity and Highlights from the Trustees' 2020 Report</a></p></li>
<li><p style=3D"font-family: 'Faustina', serif; margin: 0 15px; font-size: =
14px;"><i>The Wall Street Journal</i>: <a
style=3D "color: #3687E7"
href=3D"[link removed]
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aTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnR=
hY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctMDgzMjdkNzQxZTMyNGRkYWJlYj=
k4MDcyMTYzZmM0OWQmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpb=
CZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyUyMEVjb25vbWljJTIwUG9saWN5=
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9T52lMKg">Social Security Costs Expected to Exceed Total Income in 2021 </a=
></p></li>
<li> <p style=3D"font-family: 'Faustina', serif; margin: 0 15px; font-size:=
14px;"><i>Yahoo Finance</i>: <a
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href=3D"[link removed]
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3AaHR0cHM6Ly9zZy5maW5hbmNlLnlhaG9vLmNvbS9uZXdzL2Nvcm9uYXZpcnVzLWNvdWxkLWRlc=
GxldGUtc29jaWFsLXNlY3VyaXR5LWFzLWVhcmx5LWFzLXRoaXMtZGVjYWRlLWFuYWx5c2lzLTIy=
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kJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiND=
ctMDgzMjdkNzQxZTMyNGRkYWJlYjk4MDcyMTYzZmM0OWQmdXRtX3NvdXJjZT1DbGlja0RpbWVuc=
2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3=
QyUyMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9OGE0ZDNjNTktNTk4Ni1lYTExLWE4MTItMDAwZDN=
hMWJiN2Ji&K=3DUgBdpjXXDjHi9twISePlEA">Coronavirus could deplete Social Secu=
rity as early as 'this decade': analysis </a></p></li></ul>
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<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
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<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
<a style=3D"color: #2F4465;text-decoration: none" hre=
f=3D"[link removed]
TQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTkzZjAw%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsL=
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saWNrRGltZW5zaW9ucyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qcm9qZWN0JTIwVX=
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TgxMi0wMDBkM2ExYmI3YmI&K=3DsjA6N0pAJIGWOdRg_xMwfQ"> <center>COVID-19 May De=
plete Social Security Trust Funds This Decade </center></a>
</div>
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<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
Following last week=E2=80=99s release of the Social Se=
curity <a style=3D"color:#3687E7" href=3D"[link removed]
/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTk=
zZjAw%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOT=
ExYTk3ZjAwMGQzYTE4Y2I0Ny0wODMyN2Q3NDFlMzI0ZGRhYmViOTgwNzIxNjNmYzQ5ZA%3AZmFs=
c2U%3AMQ%3A%3AaHR0cHM6Ly93d3cuc3NhLmdvdi9PQUNUL1RSLzIwMjAvP19jbGRlZT1ZaTVwW=
jJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnRhY3Qt=
OWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctMDgzMjdkNzQxZTMyNGRkYWJlYjk4MDc=
yMTYzZmM0OWQmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG=
1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyUyMEVjb25vbWljJTIwUG9saWN5JmVza=
WQ9OGE0ZDNjNTktNTk4Ni1lYTExLWE4MTItMDAwZDNhMWJiN2Ji&K=3DDtHDDqIn2c8maouis-d=
pWg">trustees=E2=80=99 2020 report</a>, the Bipartisan Policy Center estima=
ted the potential impact of COVID-19 on the program=E2=80=99s trust funds. =
Our preliminary analysis included several scenarios. <strong>Under assumpti=
ons where the current economic downturn has severity and impacts similar to=
the Great Recession and its aftermath, the Old-Age and Survivor Insurance =
(OASI) trust fund would deplete its reserves in 2029, with the Disability I=
nsurance (DI) trust fund coming even sooner, in 2024.</strong>
Read our analysis <a style=3D"color:#3687E7" href=3D"[link removed]
ensions.com/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1=
MzljYmI3YTkzZjAw%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJ=
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lkLTE5LW1heS1kZXBsZXRlLXNvY2lhbC1zZWN1cml0eS10cnVzdC1mdW5kcy10aGlzLWRlY2FkZ=
S8_X2NsZGVlPVlpNXBaMnBoWTJ0aWRXeDNZWEpyUUdkdFlXbHNMbU52YlElM2QlM2QmcmVjaXBp=
ZW50aWQ9Y29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny0wODMyN2Q3NDF=
lMzI0ZGRhYmViOTgwNzIxNjNmYzQ5ZCZ1dG1fc291cmNlPUNsaWNrRGltZW5zaW9ucyZ1dG1fbW=
VkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qcm9qZWN0JTIwVXBkYXRlJTIwJTdDJTIwRWNvbm9ta=
WMlMjBQb2xpY3kmZXNpZD04YTRkM2M1OS01OTg2LWVhMTEtYTgxMi0wMDBkM2ExYmI3YmI&K=3D=
t4te1Gj6540X8dkeWmihMg">here</a> and stay tuned for a full report with upda=
ted projections in the coming months.
</p>
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
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lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
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t:5px;padding-right:5px;">
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=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
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<td background=3D"[link removed]
artisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop1.jpg" valign=
=3D"top">
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ensions.com/bipartisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop=
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t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
<CENTER>More of Our Recent Content on COVID-19 and Soci=
al Security</center>
</div>
</td>
</tr>
</table>
</td>
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<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
<ul> <li> <p style=3D"font-family: 'Faustina', s=
erif; margin: 0 15px; font-size: 14px;">Last week, we were joined by Chief =
Actuary of the Social Security Administration Stephen Goss and others for a=
recorded webinar available on our website: <a
style=3D "color: #3687E7"
href=3D"[link removed]
E3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTkzZjAw%3AYi5p=
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3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9ldmVudC90aGUtaW1wYWN0LW9mLWNvdmlkL=
TE5LW9uLXNvY2lhbC1zZWN1cml0eS1hbmQtaGlnaGxpZ2h0cy1mcm9tLXRoZS10cnVzdGVlcy0y=
MDIwLXJlcG9ydC8_X2NsZGVlPVlpNXBaMnBoWTJ0aWRXeDNZWEpyUUdkdFlXbHNMbU52YlElM2Q=
lM2QmcmVjaXBpZW50aWQ9Y29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny=
0wODMyN2Q3NDFlMzI0ZGRhYmViOTgwNzIxNjNmYzQ5ZCZ1dG1fc291cmNlPUNsaWNrRGltZW5za=
W9ucyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qcm9qZWN0JTIwVXBkYXRlJTIwJTdD=
JTIwRWNvbm9taWMlMjBQb2xpY3kmZXNpZD04YTRkM2M1OS01OTg2LWVhMTEtYTgxMi0wMDBkM2E=
xYmI3YmI&K=3DZ4u9gDIa98GHfRYH8XJlrA">The Impact of COVID-19 on Social Secur=
ity and Highlights from the Trustees' 2020 Report</a></p></li>
<li><p style=3D"font-family: 'Faustina', serif; margin: 0 15px; font-size: =
14px;"><i>The Wall Street Journal</i>: <a
style=3D "color: #3687E7"
href=3D"[link removed]
E3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTkzZjAw%3AYi5p=
Z2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMG=
QzYTE4Y2I0Ny0wODMyN2Q3NDFlMzI0ZGRhYmViOTgwNzIxNjNmYzQ5ZA%3AZmFsc2U%3ANA%3A%=
3AaHR0cHM6Ly93d3cud3NqLmNvbS9hcnRpY2xlcy9zb2NpYWwtc2VjdXJpdHktY29zdHMtZXhwZ=
WN0ZWQtdG8tZXhjZWVkLXRvdGFsLWluY29tZS1pbi0yMDIxLTExNTg3NTczODE3P19jbGRlZT1Z=
aTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnR=
hY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctMDgzMjdkNzQxZTMyNGRkYWJlYj=
k4MDcyMTYzZmM0OWQmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpb=
CZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyUyMEVjb25vbWljJTIwUG9saWN5=
JmVzaWQ9OGE0ZDNjNTktNTk4Ni1lYTExLWE4MTItMDAwZDNhMWJiN2Ji&K=3DkKRqXrhxupE8SA=
9T52lMKg">Social Security Costs Expected to Exceed Total Income in 2021 </a=
></p></li>
<li> <p style=3D"font-family: 'Faustina', serif; margin: 0 15px; font-size:=
14px;"><i>Yahoo Finance</i>: <a
style=3D "color: #3687E7"
href=3D"[link removed]
E3NDM3Mzc%3AMDItYjIwMTE4LTQxMjAwMjVlMTZhNzQwODQ5ZmI1MzljYmI3YTkzZjAw%3AYi5p=
Z2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMG=
QzYTE4Y2I0Ny0wODMyN2Q3NDFlMzI0ZGRhYmViOTgwNzIxNjNmYzQ5ZA%3AZmFsc2U%3ANQ%3A%=
3AaHR0cHM6Ly9zZy5maW5hbmNlLnlhaG9vLmNvbS9uZXdzL2Nvcm9uYXZpcnVzLWNvdWxkLWRlc=
GxldGUtc29jaWFsLXNlY3VyaXR5LWFzLWVhcmx5LWFzLXRoaXMtZGVjYWRlLWFuYWx5c2lzLTIy=
MDM0NzY3MS5odG1sP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTN=
kJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiND=
ctMDgzMjdkNzQxZTMyNGRkYWJlYjk4MDcyMTYzZmM0OWQmdXRtX3NvdXJjZT1DbGlja0RpbWVuc=
2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3=
QyUyMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9OGE0ZDNjNTktNTk4Ni1lYTExLWE4MTItMDAwZDN=
hMWJiN2Ji&K=3DUgBdpjXXDjHi9twISePlEA">Coronavirus could deplete Social Secu=
rity as early as 'this decade': analysis </a></p></li></ul>
</p>
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
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t:5px;padding-right:5px;">
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t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
<tr>
<td background=3D"[link removed]
artisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop1.jpg" valign=
=3D"top">
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ensions.com/bipartisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop=
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eft:0px;padding-right:0px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" bgcolor=3D"#2F4465"
style=3D"background-color: #2F4465; padding: 20px 70px; tex=
t-align: center; margin-top: 20px;">
<tr>
<td style=3D"width:590px;vertical-align:top">
<table>
<tr>
<td style=3D"text-align: center;">
<span class=3D"promptFallback"
style=3D"text-align: center; color: white; font=
-family: 'Prompt', sans-serif; font-size: 14px; margin: 0px 0px;">
<strong> Ideas. Action. Results.</strong>=20
</span>
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<td style=3D"text-align: center;">
<span class=3D"promptFallback"
style=3D"text-align: center; color: white; font=
-family: 'Prompt', sans-serif; font-size: 14px; margin: 15px 0;">
We fight to create a better future for all Amer=
icans through lasting,
bipartisan policy change. Your support helps us=
achieve that goal.
=20
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