Analysis of Social Security Trustees’ Report: Program Is 13 Years from Insolvency

“The advanced insolvency date appears to be driven in part by lower revenue as a result of wage income losses incurred from the COVID-19 pandemic (though total income including government benefits increased). However, the long-term deterioration relative to the last Trustees report – that is the 0.33 percentage point increase in 75-year shortfall – can almost entirely be attributed to changes in methodology and programmatic data.”

Analysis of the 2021 Social Security Trustees’ Report | Committee for a Responsible Federal Budget (


Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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