Social Security commissioner predicts program will last ‘for another 90 years’
Summary
Frank Bisignano, the head of the Social Security Administration, said the Social Security program will continue for another 90 years. He shared this information during an interview on CNBC and highlighted the long-term stability of the program.Key Facts
- Frank Bisignano is the current commissioner of the Social Security Administration (SSA).
- He stated that Social Security has been running for 90 years.
- Bisignano predicted it will remain available for another 90 years.
- His comments were made during an interview on CNBC’s “Squawk Box.”
- The SSA planned to announce the annual cost-of-living adjustment (COLA) shortly after this statement.
- COLA is a yearly increase in benefits to keep up with inflation.
- The SSA is responsible for managing Social Security benefits in the U.S.
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