Expansion of Social Security benefits proposals are in the works and is on the agenda for President Biden but a recent article highlights the absolute critical urgency of the challenge for assuring the solvency of the fund in light of the coronavirus, the resulting recession and the scramble to get vaccinations into the arms of fellow Americans:
"... given the impact of the coronavirus on millions of individuals, the solvency of the disability trust fund may be in jeopardy sooner than the projections show...and 'the duration and severity of the pandemic will affect the estimates … and the financial status of the program, particularly in the short term..." quoting Social Security Commissioner Andrew Saul.
Comments
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment
Comments have been disabled.