Updates From The Annual Social Security Trustees Report (Part 2)

In today’s episode, we’re continuing our conversation on the annual Social Security Trustees Report.

In this half of the conversation, we’ll cover some interesting statistics from the report, including the impact of declining birth rates and immigration on Social Security's future. We'll also explore how life expectancy trends and recent events like COVID-19 are influencing projections.

 

Here’s some of what we discuss in this episode:

• What does it mean that Social Security could be insolvent by 2035?
• How declining birth rates and changing death rates affect Social Security projections
• How immigration contributes to and benefits the trust fund
• The importance of personalized planning when it comes to Social Security decisions

 

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