In June, the Social Security Trustees delivered their latest annual report, which indicated that the combined Social Security trust funds (OASD and DI) can be expected to run out of money in 2034, given moderate economic assumptions.
This was followed by scathing criticism from several pundits, most notably former Treasury U.S. Budget Director David Stockman, who called the Trustees’ report “funny money accounting.” Stockman said it’s more likely Social Security will be bankrupt in 10 years.
Who’s right?
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
