Faculty Publications

Title

Social Security Is Under Fire But It Is Here to Stay

Document Type

Article

Publication Date

7-26-2015

Abstract

For the past few years, the Annual Social Security Trustee Report has effectively served as a yearly reminder to the American public of the grave funding issues threatening the solvency of the most important retirement income vehicle in the United States. The 2015 Annual Social Security Trustee Report is no different as it highlights the tremendous funding challenges that have been threatening the program since 2010, in which the total expenditures of the Social Security Disability Income program and the Social Security Old Age and Survivors Insurance program have exceeded the non-interest earnings income to the system.