Social Security and Election 2024

In this episode, I look at both the Democratic and Republican Party platform sections on Social Security. After all, the Trust Fund for the Old Age portion of the program is projected to run out by 2035, and the entire Baby Boom generation is Social Security eligible at this point… seems like this is something they should be addressing. The answer will surprise nobody (they don’t want to touch it at all, except perhaps to boost benefits.) The actuaries, as usual, are ignored.Episode LinksDemocratic Party PlatformParty platform pagePDF version — I know it says it’s from 2020 when you download it, but this is the document on the site, and I don’t think they’ve actually changed anything. I make no further comment about this.Screenshots from the PDF:Republican Party PlatformGOP about our partyPDF linkPDF screenshots:Separate page(s):American Academy of Actuaries on Social SecurityAcademy page on Social Security9 May 2024: Committee Releases One-pager on 2024 Social Security Trustees Report22 July 2024: An Actuarial Perspective on the 2024 Social Security Trustees ReportSTUMP - Meep on public finance, pensions, mortality and more is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to STUMP - Meep on public finance, pensions, mortality and more at marypatcampbell.substack.com/subscribe