Executive Council Statement
The Future of Social Security
… long-run financial challenges. According to the Social Security actuaries, the system will be able to pay 100 percent of benefits until 2032, and after that time, even if no changes are made, tax revenue to the system will be sufficient to cover roughly 72 percent of expected benefits. Given Social Security's critical role in providing family economic security, it is important that we act soon to … increases, increased benefits for families, greater income replacement for low-income workers, as well as disability and survivor benefits--are the bricks and mortar of economic security in the United States. Displacing any part of this system to …