Episode 24: Why Social Security is More Stable Than You Think
Mar 4, 2022
Demographics is destiny. Social Security faces many demographic challenges: Aging Baby Boomers, increasing life expectancy, and a Baby Buster generation that follows Boomers. Still, one Social Security expert tells us that the social insurance program’s demise is greatly exaggerated.
Here are just a handful of the things that we'll discuss:
- Learn how Social Security is actually funded.
- The 6.2 percent Social Security payroll tax has been constant since 1991. Is it time to change that?
- The solution to future funding gaps may in fact be a blend of boosting revenue to the system and slowing down benefit payments.
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