Social Security chief Bisignano says program will 'be around for another 90 years'
Social Security Administration Commissioner Frank Bisignano stated Monday on CNBC's Squawk Box that the benefits program will "be around for another 90 years." This prediction comes as the agency faces long-term funding concerns and a key trust fund approaches insolvency. The remarks precede the official announcement of the 2027 cost-of-living adjustment (COLA). While some analysts suggest the 2027 COLA may be above average, others argue such an increase remains insufficient for beneficiaries.
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- ✓ SSA Commissioner Frank Bisignano said Social Security will be around for another 90 years.
- ✓ Bisignano made these remarks during a Monday interview on CNBC's Squawk Box.
- ✓ The Social Security program was established in 1935.
What changed
Commissioner Frank Bisignano provided a specific timeline for the program's stability during a CNBC interview.
Live updates
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SSA Commissioner Bisignano Predicts Social Security Will Last 90 Years
Social Security Administration Commissioner Frank Bisignano stated Monday on CNBC's Squawk Box that the benefits program will "be around for another 90 years." This prediction comes as the agency faces long-term funding concerns and a key trust fund approaches insolvency. The remarks precede the official announcement of the 2027 cost-of-living adjustment (COLA). While some analysts suggest the 2027 COLA may be above average, others argue such an increase remains insufficient for beneficiaries.
Why it matters
Established in 1935, Social Security provides essential income for millions of retirees. The program's longevity is a frequent point of political debate due to trust fund depletion risks. The annual COLA adjustment is used to protect the purchasing power of benefits against inflation.
What is confirmed
- SSA Commissioner Frank Bisignano said Social Security will be around for another 90 years.
- Bisignano made these remarks during a Monday interview on CNBC's Squawk Box.
- The Social Security program was established in 1935.
Still unconfirmed
- The 2027 COLA is fueled by a Trump Bump and will do something not witnessed in 30 years.
What to watch next
- Wednesday's inflation report that will lock in the 2027 COLA
- The official announcement of the 2027 cost-of-living adjustment
confidence 95%Sources used for this update (26)
- economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
- www.cnbc.com — Stock Markets, Business News, Financials, Earnings - CNBC
- The Hill — Social Security commissioner predicts program will last ‘for another 90 years’
- Detroit Free Press — Cost-of-living adjustment to be revealed in days. What forecasters say
- CNBC — Social Security cost-of-living adjustment for 2027 may be above average. Some say it's not enough
- AL.com — There’s a new - and surprising - prediction about the future of Social Security
- MarketWatch — Here’s how much extra money could be in your monthly Social Security check next year
- Fast Company — Social Security: Commissioner Frank Bisignano prediction as COLA 2027 looms
- Fox Business — Social Security chief Bisignano says program will 'be around for another 90 years'
- Yahoo Finance — Social Security's Trump Bump-Fueled 2027 COLA Is About to Do Something That Hasn't Been Witnessed in 30 Years
- NewsNation — Social Security’s 2027 COLA: What to know ahead of the announcement
- Yahoo Finance — Wednesday's Inflation Report Will Lock In Social Security's 2027 Cost-of-Living Adjustment (COLA). Here's the Number to Watch.
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