Frank Bisignano, the commissioner of the Social Security Administration (SSA), stated on Monday that the Social Security program is expected to last for another 90 years. "This is a long journey. It’s 90 years old. It’ll be around for another 90 years," Bisignano said during an appearance on CNBC’s "Squawk Box." The SSA is set to release its annual cost-of-living adjustment (COLA) on Wednesday, following the Bureau of Labor Statistics' data release.
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Social Security commissioner states program will last for another 90 years
Frank Bisignano, the commissioner of the Social Security Administration, announced that the Social Security program is projected to last for another 90 years. He made this statement during an interview on CNBC, where he also mentioned that the SSA will release its annual cost-of-living adjustment on Wednesday.
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Social Security commissioner predicts program will last ‘for another 90 years’
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Social Security commissioner states program will last for another 90 years