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Social Security News and Updates

Social Security Solvency amid Recession

Posted by Peter Bohan | Jan 25, 2021

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.

About the Author

Peter Bohan

Attorney since 1996; dedicated to representing Long Term (ERISA) Disability clients and Social Security disability clients.

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