The Research Room is a reprint of Forward Analytics research briefs that appear bimonthly in Wisconsin Counties magazine.
June 2023: The Looming Social Security Funding Crisis
Most of us have procrastinated at some point in our lives. We put off doing what needs to be done because it’s hard or just not enjoyable. Often, when we can no longer put the task off, it is much more difficult to accomplish than it had to be. Oh, if only we had not delayed.
So it is with Social Security. We’ve known for more than 20 years that the program is likely to have insufficient funds to pay full benefits to retirees by the 2030s, but we have not acted.
See the June 2023 Wisconsin Counties article here.