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Podcast: Cato Event Podcast
Episode: Opening Remarks and US Social Security and OECD Retirement Systems: A Comparison
Description: As we approach the 90th anniversary of the US Social Security program in 2025, and as the program’s trust fund is projected to be depleted by 2033, we find ourselves at a critical juncture. Social Security reform is essential to preserving the program’s ability to provide critical economic security to vulnerable seniors by averting indiscriminate benefit cuts, which are scheduled to occur by law when the trust fund goes to zero. Sensible reforms will ensure the program can meet this pivotal role without imposing undue debt burdens or excessive taxes on younger generations. There are further opportunities to modernize Socia...