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The Impact of COVID-19 on Social Security and Highlights from the Trustees' 2020 Report

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With the economic fallout from the coronavirus just starting to come into focus, it is important to consider the potential ramifications for Social Security, the nation’s largest benefit program. This week, Social Security’s Board of Trustees will release its annual report on the program’s financial state. Those projections, however, will be seriously tested as the labor market reels, begging the question: How might a decline in payroll tax revenues or a rise in disability benefit claims affect the finances of Social Security’s trust funds?

Join the Bipartisan Policy Center and the Funding Our Future campaign for a video conference to break down the key takeaways from the 2020 Social Security trustees’ report and analyze what assumptions might already be outdated as a result of COVID-19. Our guests will include the chief actuary for Social Security and two former public trustees of the program.

BPC would like to thank the Peter G. Peterson Foundation for their generous support of this work.

Join the conversation on Zoom here or view the livestream above.

Featured Participants:

Charles Blahous
J. Fish and Lillian F. Smith Chair and Senior Research Strategist, Mercatus Center, George Mason University; Former Public Trustee of the Social Security and Medicare Trust Funds

Stephen Goss
Chief Actuary, Social Security Administration

Robert Reischauer
Distinguished Institute Fellow and President Emeritus, Urban Institute; Former Public Trustee of the Social Security and Medicare Trust Funds

Moderated by:

Marc Goldwein
Senior Vice President and Senior Policy Director, Committee for a Responsible Federal Budget

Kathleen Romig
Senior Policy Analyst, Center on Budget and Policy Priorities

Kara Watkins
Campaign Manager, Funding Our Future

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