The solvency of social security is certain to be a major topic in the upcoming election. We’ll discuss how and why social security was implemented 85 years ago (When FDR signed legislation enacting Social Security, on 8/14/1935, he said, “We have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”) We’ll learn how the social welfare program is funded, and how the recession/unemployment/the pandemic is impacting current (and future) beneficiaries of the program.
Guests
Lori K. Parham, state director, AARP Maine
Gopi Shah Goda, deputy director and senior fellow, Stanford Institute for Economic Policy Research at Stanford University; fellow, National Bureau of Economic Research
Resources